HONG KONG - Hong Kong's total deposits rose 0.8 percent in July, with a 1 percent rise in Hong Kong dollar deposits and a 0.5 percent rise in foreign-currency deposits, the city's Monetary Authority said Friday.
The released figure showed renminbi deposits rose 1 percent to 563.2 billion yuan ($88.69 billion). The total renminbi remittance for cross-border trade settlement amounted to 223.4 billion yuan in July, compared with 241.4 billion yuan in the previous month.
Total loans and advances rose 1 percent, with both loans for use in Hong Kong and outside Hong Kong up 1 percent. As Hong Kong- dollar loans increased at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 83.6 percent at the end of July.
Seasonally adjusted Hong Kong-dollar M1 grew 1.9 percent in July and expanded 5.8 percent year-on-year. Unadjusted Hong Kong-dollar M3 increased 1 percent during the month and expanded 5 percent from a year earlier.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
