Date
18 October 2017

Non-resident RMB deposits hit 1.2 trn in September, HKEJ says

Non-resident renminbi deposits in banks and the central bank reached 1.2 trillion yuan (US$196.96 billion) at the end of September, up from 1.07 trillion yuan at the end of June, the Hong Kong Economic Journal reported Tuesday, citing data from the State Administration of Foreign Exchange. Of the amount, 502.63 billion yuan was accounted for by individuals, the data showed. For the three months to September, net foreign direct investment in financial institutions reached US$285 million while net outward investment by financial institutions stood at US$6.45 billion, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

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