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TABLE-Hong Kong yuan deposits rise 2.1 pct in Aug vs July
September 30, 2013 / 8:51 AM / 4 years ago

TABLE-Hong Kong yuan deposits rise 2.1 pct in Aug vs July

Sept 30 (Reuters) - Yuan deposits in Hong Kong, an offshore
market for the Chinese currency, rose to 709.5 billion yuan
($115.93 billion) in August, up 2.1 percent from a month
earlier, the Hong Kong Monetary Authority said on Monday.
    Cross-border trade settled in yuan increased 6.6 percent in
August to 304.2 billion yuan on a month-on-month basis.
       
    The following are yuan deposit data:
                         
 Hong Kong Deposits:   Aug    Jul    Jun    May    Apr    Mar   
                       
 Yuan (or Rmb bln)    709.5  695.0 698.0  698.5  677.2  668.1  
 pct change m/m         2.1   -0.4  -0.1   +3.1   +1.4   +2.5   
 pct of total deposits 10.4   10.2  10.4   10.3   10.1   10.1   
       
 Total (HK$ bln)      8,652  8,607 8,481  8,577  8,475  8,353  
       
 Total yuan remittances for cross-border trade settlement 
(through Hong Kong's banking system):
     
                       Aug   Jul    Jun    May    Apr    Mar    
    
 (bln yuan)           304.2 285.4  270.8  318.1  275.4  340.8   
 pct change m/m        +6.6  +5.4  -14.9  +15.5  -19.2  +53.7   
 
(1 Yuan = HK$1.267)
($1 = 6.1202 Chinese yuan)

 (Reporting by Michelle Chen; Editing by Anand Basu)

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