An employee counts Hong Kong one-thousand dollar banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
Hong Kong’s September dollar deposits and financial war chest expand, defying months of street protests and year-long trade war
- Local currency deposits grew 0.6 per cent in September to HK$6.88 trillion, reversing a dip in August, as investors converted capital into Hong Kong dollars ahead of several blockbuster stock offerings
- The financial war chest used to defend Hong Kong’s dollar grew 1.6 per cent to a five-month high of HK$4.229 trillion, the HKMA’s data show
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Hong Kong Monetary Authority (HKMA)
An employee counts Hong Kong one-thousand dollar banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg