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China Daily Website

Non-local yuan deposits increase in HK

Updated: 2012-11-13 10:58
( China Daily)

Non-resident Hong Kong customers deposited over 800 million yuan ($128 million)?in accounts opened in the city as of the end of Sept, the Hong Kong Monetary Authority said in a release posted to its website Monday.

Lenders in the city started offering yuan personal banking services to non-Hong Kong residents in August this year.

Outstanding yuan-denominated loans increased to 67.9 billion yuan at end-Sept from 30.8 billion yuan at the end of last year, the HKMA said.

Bloomberg - Reuters

 
 
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