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Xinhua Silk Road
Economy

Hong Kong sees renminbi deposits up 0.5 percent to 535.5 bln yuan

November 01, 2017


Abstract : Renminbi deposits in Hong Kong rose by 0.5 percent to 535.5 billion yuan (84.6 billion U.S. dollars) at the end of September, the Hong Kong Monetary Authority said on Tuesday.

人民币

 

HONG KONG, Oct. 31 (Xinhua) -- Renminbi deposits in Hong Kong rose by 0.5 percent to 535.5 billion yuan (84.6 billion U.S. dollars) at the end of September, the Hong Kong Monetary Authority said on Tuesday.

The total remittance of renminbi for cross-border trade settlement amounted to 327.9 billion yuan in September, up from 336 billion yuan in August.

Total deposits with authorized institutions edged up by 0.2 percent in Hong Kong in September, it said.

HK dollar deposits rose by 1.1 percent during the month.

Total loans and advances rose by 1.1 percent in September.

As HK dollar loans increased at a faster pace than HK dollar deposits, the HK dollar loan-to-deposit ratio edged up to 78.8 percent at the end of September from 78.3 percent at the end of August.

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Keyword: Hong-Kong RMB-internationalization RMB-deposit

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