RMB deposits up 6.4%

September 30, 2011

Hong Kong dollar deposits declined by 2.0% in August while renminbi deposits grew 6.4% to RMB609 billion, the Monetary Authority said today.
 
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%.