In August, a large amount of RMB flowed into Hong Kong, bringing Hong Kong’s RMB deposits close to 1 trillion yuan (about $139 billion). On the other hand, the foreign exchange fund of Hong Kong, which is used to stabilize the Hong Kong dollar exchange rate and serves as the government’s fiscal reserve, experienced a drop of HK$35.8 billion (about US$4.57 billion) in August. One financial analyst pointed out that these figures indicate a large outflow of capital from Hong Kong. Figures released by the Hong Kong Monetary Authority (HKMA) on Sept. 29 showed that the amount of renminbi (RMB) deposits in Hong Kong increased by 6.0 percent to 962.5 billion yuan (US$134. 0 billion) at the end of August, and total RMB remittances for cross-border trade settlement amounted to 1,122.2 billion yuan (about US$156.1 billion) in August, up 9.7 percent month-on-month from 1,022.1 billion yuan (about US$142.3 billion) in July....Read more https://www.theepochtimes.com/china/chinese-rmb-poured-into-hong-kong-coupled-with-massive-capital-flow-out-of-hong-kong-5504847