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Hong Kong's total deposits up 1.2 pct in August

Xinhua, September 30, 2015 Adjust font size:

According to statistics published on Wednesday by the Hong Kong Monetary Authority, total deposits with authorized institutions in Hong Kong increased by 1. 2 percent in August 2015.

As the increase in demand and time deposits exceeded the decrease in savings deposits, Hong Kong-dollar deposits picked up by 0.4 percent. Overall foreign-currency deposits rose by 2.1 percent.

RMB deposits in Hong Kong declined by 1.5 percent to 979 billion yuan (about 153.96 billion U.S. dollars) at the end of August. The total remittance of RMB for cross-border trade settlement amounted to 727.9 billion yuan in August, compared with 583.6 billion yuan in July. (1 U.S. dollar = 6.35 yuan) Endi