HKMA aggregate balance soars HK$19m to reach HK$239.2b in mid-September

But HK's monetary base fell.

HKMA aggregate balance rose HK$19m to reach HK$239.2b in the week that ended on September 19.

According to a research note from CCB International, meanwhile, Hong Kong’s monetary base fell HK$2.1b over the past week to reach HK$1,335.5b.

Further, Hong Kong bond yield increased to 2.13%. The Hong Kong 10-year bond yield rose from 2.06% two weeks ago to 2.13% last week.

Here's more from CCB International:

Hong Kong July export volume increased 5.8% YoY while import volume rose 5.9% YoY.

Export volume growth came about mainly because of rising demand from India (up 32.7% YoY), Taiwan (up 12.6% YoY) and mainland China (up 5.6% YoY).

Import volume growth was driven by imports from Taiwan, Singapore and the US, which were up 21.2% YoY, 12.0% YoY and 9.7% YoY, respectively.

The Hong Kong unemployment rate stood at 3.3% in June-August 2014, the same as it was in May-July 2014.

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