Monetary Statistics for September 2012

Press Releases

31 Oct 2012

Monetary Statistics for September 2012

According to statistics published today (Wednesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.3% in September. Hong Kong-dollar deposits expanded by 2.0% during the month, reflecting increases in demand, savings and time deposits. Overall foreign-currency deposits grew by 0.6% in September, while renminbi deposits in Hong Kong declined by 1.2% to RMB545.7 billion. The total remittance of the renminbi for cross-border trade settlement amounted to RMB239.3 billion in September, compared with RMB254.2 billion in the previous month.

Total loans and advances rose by 1.2% in September. Loans for use in Hong Kong grew by 0.8% and loans for use outside Hong Kong expanded by 2.2%. As Hong Kong-dollar loans increased at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio declined to 81.3% at the end of September from 82.4% a month ago.

In the third quarter of 2012, loans for use in Hong Kong rose by 1.6%, broadly the same pace as in the previous quarter. Analysed by economic use, the quarterly expansion in loans was led by trade finance, residential mortgage loans, loans to wholesale and retail trade and loans for building, construction, property development and investment.

Seasonally adjusted Hong Kong-dollar M1 increased by 0.4% in September and expanded by 10.2% year on year. Unadjusted Hong Kong-dollar M3 rose by 2.1% during the month and expanded by 10.9% from a year earlier.

Annex

Hong Kong Monetary Authority
31 October 2012


 

Release Schedule of Monetary Statistics in Hong Kong

The monthly release schedule of monetary statistics in Year 2013 is as follows.

                           Reference Month                       Release Date

                           January 2013                               28 February 2013

                           February 2013                             28 March 2013

                           March 2013                                 30 April 2013

                           April 2013                                    31 May 2013

                           May 2013                                     28 June 2013

                           June 2013                                    31 July 2013

                           July 2013                                     30 August 2013

                           August 2013                                30 September 2013

                           September 2013                          31 October 2013

                           October 2013                               29 November 2013

                           November 2013                            31 December 2013

                           December 2013                            30 January 2014

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Last revision date : 31 October 2012