[Hong Kong 30th Reuters]-Hong Kong dollar deposits in Hong Kong fell 1.6% in August, according to Refinitive Datastream.
This is the largest decrease since May 2018. US dollar deposits, on the other hand, increased 2.7%, marking a significant increase since December 2018.
In Hong Kong, anti-government protests and US-China trade wars have put pressure on the economy and financial markets.
However, the Hong Kong Monetary Authority (HKMA) stated that the decrease in deposits in Hong Kong dollars was “funding activities were not as prosperous as in July”, and “various factors” such as interest rate trends affected the deposit composition. Shown how to get.
HKMA has issued a statement that "therefore, changes in monthly deposits are normal."
Carly Li, an economist at OCBC Wynnham Bank, may have moved capital from Hong Kong dollar deposits to US dollar deposits due to intensifying protests in August, but the September market is calm Pointed out that the flow of funds could be reversed.
“It ’s not a big change as a whole.
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