TABLE-Hong Kong yuan deposits rise 2.9 pct in Sept vs Aug

Thu Oct 31, 2013 5:34am EDT

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Oct 31 (Reuters) - Yuan deposits in Hong Kong, an offshore
market for the Chinese currency, rose to 730 billion yuan
($119.8 billion) in September, up 2.9 percent from a month
earlier, the Hong Kong Monetary Authority said on Thursday.
    Cross-border trade settled in yuan increased 9 percent in
September to 331.7 billion yuan on a month-on-month basis.
       
    The following are yuan deposit data:
                         
 Hong Kong Deposits:   Sep    Aug    Jul   Jun    May    Apr    
                         
 Yuan (or Rmb bln)    730.0  709.5  695.0 698.0  698.5  677.2  
 pct change m/m         2.9    2.1   -0.4  -0.1   +3.1   +1.4   
 pct of total deposits 10.4   10.4   10.2  10.4   10.3   10.1   
       
 Total (HK$ bln)      8,906  8,652  8,607 8,481  8,577  8,475  
       
 Total yuan remittances for cross-border trade settlement 
(through Hong Kong's banking system):
     
                       Sep    Aug   Jul    Jun    May    Apr    
       
 (bln yuan)           331.7  304.2 285.4  270.8  318.1  275.4  
 pct change m/m        +9.0   +6.6  +5.4  -14.9  +15.5  -19.2  
 
 (1 Yuan = HK$1.272)
 ($1 = 6.0938 yuan)

 (Reporting by Michelle Chen; Editing by Gopakumar Warrier)
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