Monetary Statistics for May 2009

Press Releases

30 Jun 2009

Monetary Statistics for May 2009

According to statistics published today (Tuesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 2.0% in May 2009. Hong Kong-dollar deposits rose by 2.7% during the month, as the expansion in demand and savings deposits exceeded the contraction in time deposits. Foreign-currency deposits also climbed by 1.4% in May. Accounting for around 2.0% of foreign-currency deposits, renminbi deposits in Hong Kong grew by 0.8% to RMB53.4 billion at the end of May.

Total loans and advances increased slightly by 0.2% in May. Loans for use in Hong Kong grew by 0.4% while loans for use outside Hong Kong contracted by 0.7%. Because Hong Kong-dollar loans were little changed while deposits climbed, the Hong Kong-dollar loan-to-deposit ratio declined to 72.7% at the end of May, from 74.7% at the end of April.

Seasonally adjusted Hong Kong-dollar M1 rose by 9.6% in May and increased by 26.8% from a year earlier. Unadjusted Hong Kong-dollar M3 grew by 2.5% during the month and climbed by 8.1% year on year.

Annex

For further enquiries, please contact:
Thomas Chan, Communications Chief, at 2878 1480 or
Hing-fung Wong, Manager (Communications), at 2878 1802

Hong Kong Monetary Authority
30 June 2009

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Last revision date : 30 June 2009