Wednesday, May 27, 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:
Deal on legal cover, but wage issue remains for Cathay and union (1 hr 36 mins ago)
Smokers cost Hong Kong $11.3 billion every year (2 hrs 3 mins ago)
Welfare minister warns elderly homes of stern action (2 hrs 4 mins ago)
Trainee teachers hold LGBT prejudices: study (2 hrs 36 mins ago)
'Long Hair' hopes to travel to Shenzhen (05-27 15:44)
A trusted middleman needed for reform talks: Benny Tai (05-27 14:50)
Call to end duopoly in electricity market (05-27 14:49)
Flight attendants continue wage talks (05-27 13:53)
DKNY new boutique showcases summer wear (05-27 12:33)
Pan-dems urged to take a long term view (05-27 12:00)

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.