Central bank: RMB deposits increased by 1.46 trillion yuan in May compared with the same period last year, down by 1.58 trillion yuan.

[central Bank: RMB deposits increased by 1.46 trillion yuan in May compared with the same period last year by 1.58 trillion yuan] data from the central bank show that RMB deposits increased by 1.46 trillion yuan in May, a decrease of 1.58 trillion yuan compared with the same period last year. Of this total, household deposits increased by 536.4 billion yuan, non-financial enterprise deposits decreased by 139.3 billion yuan, fiscal deposits increased by 236.9 billion yuan, and deposits of non-banking financial institutions increased by 322.1 billion yuan. At the end of May, the balance of local and foreign currency deposits was 280.94 trillion yuan, an increase of 11.1% over the same period last year. The balance of RMB deposits totaled 274.91 trillion yuan, an increase of 11.6 percent over the same period last year, 0.8 percentage points lower than at the end of last month and 1.1 percentage points higher than the same period last year. At the end of May, the balance of foreign currency deposits was 851.8 billion US dollars, down 13.5 per cent from the same period last year. Foreign currency deposits fell by US $30.1 billion in May, an increase of US $17.1 billion over the same period last year.