Home >

Hongkong Monetary Authority: Hongkong RMB Trade Settlement Increased Rapidly In The First Two Months.

2011/3/26 11:45:00 34

Renminbi Trading Fund

March 26 Hongkong

Financial management

Peng Xingtang, vice president of the Bureau, said in Hong Kong recently that the renminbi currently in the mainland and abroad is in the mainland.

Trade

More than 70% of the settlement was carried out in Hongkong. In January and February this year, the average monthly trade settlement in Hongkong was 95 billion yuan, up 66.7% compared with the second half of last year, which was 22.75 times higher than that in the first half.


According to Peng Xingtang, since the second half of last year

RMB

Hongkong's RMB trade settlement increased rapidly after the expansion of the trade settlement pilot to 20 provinces and municipalities. According to the HKMA data, the average monthly trade settlement in Hongkong in the first half of last year was only 4 billion yuan, which has soared to 57 billion yuan in the second half of this year, and the monthly average in the first two months of this year is even higher than 95 billion yuan.


Peng Xingtang said that Hongkong's RMB capital pool worked well, and it is estimated that RMB deposits in Hongkong will exceed 400 billion yuan at the end of February.

  • Related reading

Ordinary People Borrow Gold To Avoid The Risk Of Shrinking Assets

financial news
|
2011/3/26 9:11:00
65

Shanghai Gold Prices Fell Almost All The Way Back

financial news
|
2011/3/26 9:08:00
51

Central Bank: Continue To Promote Cross Border Trade RMB Settlement Pilot Work

financial news
|
2011/3/26 8:58:00
56

25, New York Dollar Rose To Major Currencies.

financial news
|
2011/3/26 8:52:00
41

"Nuclear Crisis" Dragged The Global Economic Recovery

financial news
|
2011/3/21 18:04:00
60
Read the next article

Fund Reproduction Concentrated Dividends

In March 26th, special telegram (reporter Pan Qing) was hot from the end of last year until now, and the "high tide" was reproduced in March. In just a half month, the total size of the "red envelope" has been more than 5 billion yuan.