Total deposits fall

2008-7-1  |     NEWSPAPER EDITION

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-- Adverstisement --

THE total deposits with authorized institutions in the Hong Kong Special Administrative Region fell 0.8 percent in May, with Hong Kong dollar deposits dropping 0.6 percent, the local monetary authority said yesterday.

The fall in Hong Kong dollar deposits was due to "across-the-board decreases in demand, savings and time deposits," the Hong Kong Monetary Authority said in a statement. Foreign currency deposits edged up 0.1 percent, as yuan deposits rose 1.4 percent to 77.7 billion yuan (US$11.3 billion).

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