By Michelle Chan Hong Kong, Aug. 8 (Reuters) – Hong Kong yuan deposits fell for the first time in nine months in June, a sign that their fast growing pace since the end of last year, there might halt amid expectations there is a limited increase for the currency. Stagnant pools of offshore...
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By Michelle Chan Hong Kong, Aug. 8 (Reuters) – Hong Kong yuan deposits fell for the first time in nine months in June, a sign that their fast growing pace since the end of last year, there might halt amid expectations there is a limited increase for the currency. Stagnant pools of offshore yuan is likely to force companies that would like to raise money to pay a young market and the banks may raise interest rates on deposits to attract funds yuan. Yuan deposits fell 500 million
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