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December 31, 2011

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HK's Yuan Deposits Increase

HONG Kong's yuan deposits grew by 1.4 percent to 627.3 billion yuan (US$99.5 billion) at the end of November, according to data published yesterday by its monetary authority.

The data showed the total remittance of yuan for cross-border trade settlement totaled 184.99 billion yuan in November, against 161.46 billion yuan in October.

Hong Kong's total yuan deposits with authorized institutions gained 0.8 percent in November.

 

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