HK yuan pool at 650 billion

Business | 11 Jun 2019 5:48 pm

The Secretary for Financial Services and the Treasury, James Henry Lau, said Hong Kong's offshore yuan pool has grown to 650 billion yuan and the liquidity management within the bank system is sound.

The daily average turnover in the yuan real time gross settlement system exceeded 1 trillion yuan in April, indicating that the yuan pool is supporting a substantial amount of financial intermediation activities, and the transaction amount under Bond Connect in the first four months this year reached almost 460 billion yuan, Lau said. The average daily turnover was 5.7 billion yuan.

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