HONG KONG -- Renminbi deposits in Hong Kong recorded 314.9 billion yuan at the end of December, up markedly by 12.6 percent from the previous month, according to statistics published Monday by the Hong Kong Monetary Authority.

The total remittance of the renminbi for cross-border trade settlement climbed from 93.7 billion yuan in November to 100.9 billion in December.

Total deposits with authorized institutions in Hong Kong increased slightly by 0.2 percent in December.

In addition, total loans and advances expanded by two percent in December. Loans for use in Hong Kong grew by 1.6 percent and loans for use outside Hong Kong rose by 3.7 percent.