Monetary Statistics for May 2016

Press Releases

30 Jun 2016

Monetary Statistics for May 2016

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.6% in May. As the increase in demand and savings deposits exceeded the decrease in time deposits, Hong Kong-dollar deposits picked up by 0.3% during the month. Overall foreign-currency deposits declined by 1.5% in May. Renminbi deposits in Hong Kong increased by 1.3% to RMB732.2 billion at the end of May. The total remittance of renminbi for cross-border trade settlement amounted to RMB417.3 billion in May, compared with RMB358.1 billion in April.  

Total loans and advances increased by 1.1% in May. Among the total, loans for use in Hong Kong (including trade finance) grew by 1.4% while loans for use outside Hong Kong also increased by 0.5% from a month ago. As Hong Kong-dollar loans increased at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio went up to 78.5% at the end of May from 77.6% at the end of April.

Seasonally adjusted Hong Kong-dollar M1 increased by 1.6% in May and rose by 6.6% year on year. Seasonally unadjusted Hong Kong-dollar M3 grew by 0.3% during the month and increased by 1.4% from a year earlier. 

Annex

 

Hong Kong Monetary Authority
30 June 2016

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Last revision date : 30 June 2016