Funds flooded into Hong Kong in April as an interest rate gap between Hong Kong and the US attracted speculators to the so-called carry trade. Photo: Roy Issa
Hong Kong banks in April recorded strongest surge in deposits in six months, as hot money chased new listings, investment opportunities in city
- Deposits rose by HK$114 billion to HK$13.89 trillion, according to the HKMA
- Hong Kong dollar deposits rose 0.5 per cent, while foreign currency deposits increased by 1.1 per cent
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Funds flooded into Hong Kong in April as an interest rate gap between Hong Kong and the US attracted speculators to the so-called carry trade. Photo: Roy Issa
