Hong Kong yuan deposits hit 15-month low

Yuan deposits fell last month in Hong Kong to the lowest level since May last year as weakened expectations for the currency's appreciation offset rules allowing non-residents to buy the currency.

Yuan deposits fell 1.9 per cent from July to 552 billion yuan (HK$675.3 billion), the Hong Kong Monetary Authority said yesterday.

The total has dropped 75 billion yuan since reaching a record 627 billion yuan at the end of November last year.

via Business feed http://www.scmp.com/business/banking-finance/article/1049786/hong-kong-yuan-deposits-hit-15-month-low