According to statistics published today by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.3% in April 2008. Hong Kong dollar deposits rose by 0.3%, as the expansion in savings deposits exceeded the decreases in demand and time deposits. Foreign currency deposits grew by 0.2%. In particular, renminbi deposits increased by 33% to RMB76.6 billion yuan at the end of April, accounting for around 3.1% of foreign currency deposits.
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