Monetary Statistics for April 2010

Press Releases

31 May 2010

Monetary Statistics for April 2010

According to statistics published today (Monday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 2.5% in April 2010. With demand, savings and time deposits rising, Hong Kong-dollar deposits expanded markedly by 3.7% during the month, partly reflecting buoyant activity in equity initial public offerings. Foreign-currency deposits also climbed by 1.1% in April. Accounting for around 3.1% of foreign-currency deposits, renminbi deposits in Hong Kong recorded double-digit growth, increasing by 14.3% to RMB80.9 billion at the end of April.

Total loans and advances rose by 4.5% in April. Loans for use in Hong Kong grew by 5.0% and loans for use outside Hong Kong expanded by 2.7%. As Hong Kong-dollar loans increased at a faster rate than deposits, the Hong Kong-dollar loan-to-deposit ratio increased to 74.2% at the end of April from 73.3% at the end of March.

Seasonally adjusted Hong Kong-dollar M1 expanded by 8.3% in April and increased by 40.6% year on year. Unadjusted Hong Kong-dollar M3 climbed by 3.4% during the month and rose by 12.8% from a year earlier.

Annex

For further enquiries, please contact:
Yokee Wong, Manager (Communications), at 2878 1213 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
31 May 2010

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Last revision date : 31 May 2010