Yuan deposits rise to 638.7b - News Summed Up

Yuan deposits rise to 638.7b


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.


Source: The Standard March 31, 2020 09:11 UTC



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