HK yuan deposits rise 0.7pct in June vs May

02-Aug-2012 Intellasia | Reuters | 7:01 AM Print This Post

Yuan deposits in Hong Kong, an offshore market for the Chinese currency, increased to 557.7 billion yuan ($87.42 billion) in June, up 0.7 percent from a month earlier, the Hong Kong Monetary Authority said on Tuesday.

Cross-border trade settled in yuan rose 8.1 percent in June on a month-on-month basis to 241.4 billion yuan. 

 The following are yuan deposit data: 

  Hong Kong Deposits:    Jun    May    April    March    February    Jan 

   Yuan (or Rmb billion)    557.7  553.9  552.4  554.3  566.2  576.0 

    percent change m/m        +0.7   +0.3   -0.4   -2.1   -1.7   -2.1 

    percent of total deposits  8.8    8.9    8.7    8.9    9.0    9.3 

  Total (HK$ billion)      7,706  7,602  7,747  7,669  7,736  7,674 

  Total yuan remittances for cross-border trade settlement 

  (through Hong Kong's banking system): 

                          Jun    May    April    March    February    Jan 

   (bln yuan)           241.4  223.4  177.1  227.3  187.5  156.4 

    percent change m/m        +8.1  +26.1  -22.1   21.2   19.9  -34.6

http://in.reuters.com/article/2012/07/31/hongkong-yuan-idINL3E8HT3FW20120731

 

Category: Hong Kong

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