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
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

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
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
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