HK$ deposits rise 0.8%

January 31, 2012

Hong Kong-dollar deposits increased by 0.8% in December while overall foreign-currency deposits grew by 0.9%, the Monetary Authority said today.
 
Renminbi deposits in Hong Kong declined by 6.2% to RMB588.5 billion.
 
Total renminbi remittance for cross-border trade settlement amounted to RMB239.04 billion, compared to RMB184.99 billion in November.
 
Total loans and advances decreased by 0.7%. Loans for use in Hong Kong contracted by 1.5% but loans for use outside Hong Kong expanded by 1.5%.
 
As Hong Kong-dollar loans declined while deposits rose, the Hong Kong-dollar loan-to-deposit ratio decreased to 84.5% from 85.5% in November.