Saturday, January 31, 2015   

(2014-15 Budget) Yuan deposits exceed 1 trillion
(02-26 13:36)

Yuan deposits and outstanding renminbi certificates of deposits surged past 1 trillion yuan at the end of 2013, accounting for 70 percent of the offshore pool, Financial Secretary John Tsang Chun-wah said today.
Trade settled in yuan through local banks exceeded 3.8 trillion yuan last year, up 45 percent from 2012.
"We shall continue to support our country's accelerated drive to realize capital account convertibility and internationalization of the RMB by acting as a bridge between our nation and the rest of the world, and serving as a platform for mainland funds and enterprises to reach out to the international market," Tsang said.

   
Other Hong Kong breaking news:
School students taking way too much salt (01-30 18:12)
Kwok Ka-ki urges probe into parallel trade (01-30 16:31)
EOC help sought for children with special needs (01-30 15:56)
Private housing supply hits eight-year high (01-30 15:40)
New 'Undergrad' issue blasts Leung (01-30 15:12)
Rally organizers remain defiant (01-30 15:11)
Case against ATV postponed to next month (01-30 15:11)
Businessman jailed for Wan Chai cash grab (01-30 15:10)
Man killed in Mong Kok car accident (01-30 10:55)
Complaints about first-hand property sale rise (01-28 14:05)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.