By April the total amount of RMB deposit in Hong Kong was 16.7 billion yuan, 1.7 billion yuan higher than March, according to the latest statistics from Hong Kong Monetary Authority.

The statistics also showed that the total deposit in approved institutions increased 0.4 percent, including 0.4 percent growth in HK dollars deposit and 0.3 percent growth in foreign currencies deposit.

In April the supply of HK dollars M1 dropped 2 percent (adjusted figure), 0.9 percent lower than the same period of the previous year. In the same month the unadjusted HK dollar supply M2 and M3 both increased 0.3 percent, or 7.7 and 7.5 percent higher over the same period of the previous year respectively.

By People's Daily Online