Yuan deposits rise to 638.7b

Local | 31 Mar 2020 5:18 pm

Yuan  deposits in Hong Kong increased by 4.3 percent to 638.7 billion at the end of February, the Hong Kong Monetary Authority reported.

The total remittance of yuan for cross-border trade settlement amounted to 481 billion in February, compared with 404.7 billion in January.

Hong Kong dollar deposits declined by 0.5 percent, while overall foreign-currency deposits increased by 0.3 per cent, the HKMA reported.

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