Monetary Statistics for September 2013

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 2.9% in September. With demand, savings and time deposits increasing, Hong Kong-dollar deposits grew by 3.6% during the month. Overall foreign-currency deposits rose by 2.3% in September, and renminbi deposits in Hong Kong picked up by 2.9% to RMB730.0 billion at the end of September. The total remittance of the renminbi for cross-border trade settlement amounted to RMB331.7 billion in September, compared with RMB304.2 billion in the previous month.

Total loans and advances picked up by 2.2% in September. Loans for use in Hong Kong including trade finance increased by 1.6% and loans for use outside Hong Kong expanded by 3.6%. As Hong Kong-dollar loans grew at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio declined to 82.6% at the end of September from 83.7% a month ago.

In the third quarter of 2013, loans for use in Hong Kong including trade finance went up by 3.6%, following an expansion of 7.1% in the previous quarter. Analysed by economic use, the quarterly expansion in loans was led by trade finance, loans for building, construction, property development and investment, and loans for financial concerns and stockbrokers.

Seasonally adjusted Hong Kong-dollar M1 rose by 0.7% in September and expanded by 14.5% year on year. Unadjusted Hong Kong-dollar M3 increased by 3.5% during the month and rose by 9.6% from a year earlier.

Annex

Hong Kong Monetary Authority
31 October 2013

Release Schedule of Monetary Statistics in Hong Kong

The monthly release schedule of monetary statistics in Year 2014 is as follows.

                       Reference Month                             Release Date

                           January 2014                                 28 February 2014

                           February 2014                               31 March 2014

                           March 2014                                    30 April 2014

                           April 2014                                      30 May 2014

                           May 2014                                       30 June 2014

                           June 2014                                       31 July 2014

                           July 2014                                        29 August 2014

                           August 2014                                   30 September 2014

                           September 2014                            31 October 2014

                           October 2014                                 28 November 2014

                           November 2014                             31 December 2014

                           December 2014                             30 January 2015