Money supply growth fell below 10% growth yoy in March. The stock market rally is really looking like a head fake here unless it correctly anticipates Chinese QE.
Chinese repaid foreign currency loans in March and TSF was down about 40% from March 2014.
HKMA fines Hua Nan Commercial Bank HK$9m for Anti-Money Laundering breaches
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Source: HK Monetary Authority | Source date: 19-Apr-2024 22:23
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