Yuan deposits in Hong Kong, the world’s biggest offshore yuan centre, fell 5.5 per cent to 759.4 billion yuan ($117.30 billion) in March from the previous month, according to the Hong Kong Monetary Authority.

Cross-border trade settlement amounted to 370.7 billion yuan for the month compared with 279.8 billion yuan in February.

Hong Kong-dollar deposits rose 1.3 per cent in March, while overall foreign-currency deposits grew 1.0 per cent.

Yuan deposits accounted for 8.3 per cent of Hong Kong’s total deposits in March. ($1 = 6.4738 Chinese yuan renminbi)

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