According to statistics published today (Monday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.7% in September 2005, as a 1.6% rise in Hong Kong dollar deposits more than offset a decline of 0.4% in foreign currency deposits. Within foreign currency deposits, renminbi deposits amounted to RMB22.6 billion yuan in September, compared with RMB22.4 billion yuan in August.
Total loans and advances expanded by 0.6% in September, as a rise of 0.6% in loans for use in Hong Kong outweighed a slight decline of 0.04% in loans for use outside Hong Kong. Analysed by currency, foreign currency loans decreased, while Hong Kong dollar lending increased. As Hong Kong dollar deposits rose more than Hong Kong dollar loans, the loan-to-deposit ratio fell to 84.8% in September.
On a seasonally adjusted basis, Hong Kong dollar M1 decreased by 1.5% in September and by 5.6% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 both grew by 1.5% during the month, and by 10.1% on a year-on-year comparison.
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2006 is as follows.
Reference Month Release Date
January 2006 28 February 2006February 2006 31 March 2006March 2006 28 April 2006April 2006 30 May 2006May 2006 30 June 2006June 2006 31 July 2006July 2006 31 August 2006August 2006 29 September 2006September 2006 31 October 2006October 2006 30 November 2006November 2006 29 December 2006December 2006 31 January 2007
For further enquiries, please contact:
Hing-Fung Wong, Resource Co-ordinator, at 2878 1802 or
Kevin Ip, Manager (Press), at 2878 1687
Hong Kong Monetary Authority
31 October 2005