HONG KONG Dec 2 The Hong Kong Monetary
Authority (HKMA) said that yuan deposits in the city declined
noticeably by the end of the first three weeks in November
compared to the end of October.
Yuan deposits in the world's biggest offshore yuan centre
fell 0.4 percent to 662.5 billion yuan ($96.22 billion) in
October, the city's de facto central bank said on Wednesday.
The decline may be due to some market players' cautious
attitude toward the yuan's outlook and the adjustment of yuan
asset allocation, the HKMA told Reuters in an email reply on
"The HKMA has not received November figures, but from the
information collected from banks, yuan customer deposits by the
end of the first three weeks of November saw noticeable drop
from October," it said.
But yuan liquidity management in Hong Kong's banking system
remains stable and the offshore yuan market's operation is in
order, HKMA said.
The HKMA will release November yuan deposit figure at the
end of this month.
(Reporting by Michelle Chen; Editing by Shri Navaratnam)