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News

Hong Kong: Chinese currency deposits rise 3% to CNY 1 trillion in December 2014

Monday 2 February 2015 14:10 CET | News

In Hong Kong, the worlds biggest offshore CNY centre, the Chinese currency deposits rose 3% to CNY 1 trillion (USD 160.35 billion) in December 2014, as compared to November 2014.

The Hong Kong Monetary Authority (HKMA) has also stressed that cross-border trade settlement stood at USD 106 billion (CNY 657.8 billion) in December 2014, compared with USD 85.6 billion (CNY 532.8 billion) in November.

In recent news, Chinese e-tailers share equal popularity as the foreign counterparts in the eyes of the customers, recent findings indicate.
 


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Keywords: Hong Kong, CNY, deposits, rise, increase, December 2014, banks, offshore centre, China
Categories: Payments & Commerce
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