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RMB Deposits in HK Down 2.9% to RMB600.3B in Sep
According to statistics published by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 0.6 percent in September 2018. Hong Kong-dollar deposits ...
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RMB Deposits in HK Down 2.9% to RMB600.3B in Sep
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2018/10/31 17:53
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According to statistics published by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 0.6 percent in September 2018. Hong Kong-dollar deposits increased by 0.6 percent during the month, as the increase in time deposits exceeded the decrease in demand and savings deposits. Overall foreign-currency deposits also increased by 0.6 per cent in September. Renminbi deposits in Hong Kong declined by 2.9 percent to RMB600.3 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB348.8 billion in September, compared with RMB360.4 billion in August.

On a seasonally-adjusted basis, Hong Kong-dollar M1 declined by 1.5 percent in September and decreased by 0.3 percent year-on-year. Seasonally unadjusted Hong Kong-dollar M3 edged up by 0.5 percent during the month and grew by 4.3 per cent from a year earlier.
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