RMB deposits grew 6.4% in August
While Hong Kong dollar deposits declined by 2%, according to a statement released by the Monetary Authority.
The total remittance of the renminbi for cross-border trade settlement amounted to RMB185.82 billion, compared to RMB148.97 billion in July.
Total deposits with authorised institutions decreased by 0.5%, while foreign-currency deposits climbed by 1.0%.
Total loans and advances rose by 1.7%. Loans for use in Hong Kong grew by 0.5% and loans for use outside Hong Kong expanded by 5.5%.-