RMB deposits up 1.4%

December 30, 2011

Hong Kong dollar deposits rose by 0.4% in November while renminbi deposits in Hong Kong expanded 1.4% to RMB627.3 billion at the end of November, the Monetary Authority said today.
 
The total remittance of the renminbi for cross-border trade settlement amounted to RMB184.99 billion, compared to RMB161.46 billion in October.
 
Total deposits with authorised institutions increased 0.8% in November while foreign-currency deposits climbed 1.3%.
 
Total loans and advances grew 1.2%. Loans for use in Hong Kong rose 0.8% and loans for use outside Hong Kong expanded 2.1%.