Annual Report 2020

156 Notes to the Financial Statements Annual Report 2020 Miramar Hotel and Investment Company, Limited 16 Cash and bank balances and other cash flow information (a) Cash and bank balances 2020 2019 HK$’000 HK$’000 Deposits with banks and other financial institutions 4,854,066 5,082,212 Cash at bank and in hand 196,234 170,428 5,050,300 5,252,640 Cash and bank balances at 31 December 2020 include HK$69,738,000 equivalent (2019: HK$55,993,000 equivalent) placed with banks in the PRC, the remittance of which are subject to relevant rules and regulations of foreign exchange control promulgated by the PRC government.