Deposits to reach $7.55 trillion

PUBLISHED : Tuesday, 30 December, 1997, 12:00am
UPDATED : Tuesday, 30 December, 1997, 12:00am

Deposits in financial institutions are expected to reach 8.12 trillion yuan (about HK$7.55 trillion) this week, a rise of 1.18 trillion yuan from the end of last year. The increase would be about 300 billion yuan less than the rise the previous year, with deposits by individuals off about 200 billion yuan, the China News Service said, quoting central bank governor Dai Xianglong. Mr Dai attributed the lower rate of growth to the expansion of the country's securities markets and strengthened supervision of financial institutions.