Yuan deposit rates have climbed as high as 3.5 per cent in Hong Kong, but they may fall to a normalised level later this month. Photo: AFP
Hong Kong lenders pay more for yuan deposits
Hong Kong banks increase interest rates to attract funds in the currency as firms send cash to the mainland to counter liquidity squeeze
Yuan deposit rates have climbed as high as 3.5 per cent in Hong Kong, but they may fall to a normalised level later this month. Photo: AFP
