Date
13 December 2017

HK renminbi deposits hit record high in August, paper says

Renminbi deposits in Hong Kong rose 2.1 percent to a record 709.5 billion yuan (US$115.9 billion) in August from the previous month, the Hong Kong Economic Journal reported Tuesday, citing data from banks. The figure is likely to continue to grow gradually in the coming months, a bank source was quoted as saying. Meanwhile, renminbi settlement in cross-border trades grew 6.6 percent to 304.2 billion yuan, the report said.

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