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TABLE-Hong Kong yuan deposits rise 3.1 pct in May vs April
June 28, 2013 / 9:02 AM / 4 years ago

TABLE-Hong Kong yuan deposits rise 3.1 pct in May vs April

June 28 (Reuters) - Yuan deposits in Hong Kong, an offshore
market for the Chinese currency, rose to 698.5 billion yuan
($113.60 billion) in May, up 3.1 percent from a month earlier,
the Hong Kong Monetary Authority said on Friday.
    Cross-border trade settled in yuan increased 15.5 percent in
May to 318.1 billion yuan on a month-on-month basis.
       
    The following are yuan deposit data:
                         
 Hong Kong Deposits:   May    Apr    Mar    Feb    Jan    Dec   
                
 Yuan (or Rmb bln)    698.5  677.2  668.1  651.7  624.0  603.0
 pct change m/m        +3.1   +1.4   +2.5   +4.4   +3.5   +5.6
 pct of total deposits 10.3   10.1   10.1    9.7    9.1    9.1
       
 Total (HK$ bln)      8,577  8,475  8,353  8,436  8,535  8,297
       
 Total yuan remittances for cross-border trade settlement 
(through Hong Kong's banking system):
     
                       May    Apr    Mar     Feb     Jan    Dec
 (bln yuan)           318.1  275.4  340.8   221.7   268.5  264.1
 pct change m/m       +15.5  -19.2  +53.7   -17.4    +1.7   +8.7
 
 ($1 = 6.1490 Chinese yuan)
 (1 Yuan = HK$1.2637)

 (Reporting by Christina Lo in Hong Kong; Editing by Sunil Nair)

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