Money
Hong Kong's RMB deposits up 13.1% in April
Updated: 2011-06-01 10:14
(Xinhua)
HONG KONG - Hong Kong's RMB deposits climbed to 510.7 billion yuan ($65.66 billion) in April, up 13.1 percent from the previous month, said the Hong Kong Monetary Authority (HKMA) on Tuesday.
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Total deposits with authorized institutions in April rose 2.5 percent from March, while Hong Kong dollar deposits expanded 2.3 percent and foreign-currency deposits grew 2.8 percent, according to data released by the HKMA.
As Hong Kong dollar loans increased at a slower rate than deposits, the Hong Kong dollar loan-to-deposit ratio declined to 80.4 percent in April from 81.7 percent in March.
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