Monetary Statistics for September 2017

Press Releases

31 Oct 2017

Monetary Statistics for September 2017

According to statistics published today (Tuesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions edged up by 0.2% in September 2017. With increase in demand, savings and time deposits, Hong Kong-dollar deposits rose by 1.1% during the month. Overall foreign-currency deposits decreased by 0.9% in September. Renminbi deposits in Hong Kong increased by 0.5% to RMB535.5 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB327.9 billion in September, compared with RMB336.0 billion in August.

Total loans and advances rose by 1.1% in September. Among the total, loans for use in Hong Kong (including trade finance) increased by 1.0% from a month ago and loans for use outside Hong Kong expanded by 1.2%. As Hong Kong-dollar loans increased at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged up to 78.8% at the end of September from 78.3% at the end of August.

In the third quarter of 2017, loans for use in Hong Kong (including trade finance) expanded further by 2.7% after growing by 5.2% in the previous quarter. Analysed by economic use, the quarterly increase in loans was mainly led by loans to building, construction, property development and investment and loans to financial concerns.

Seasonally adjusted Hong Kong-dollar M1 increased by 2.6% in September and expanded by 13.3% year on year. Seasonally unadjusted Hong Kong-dollar M3 grew by 1.3% during the month and rose by 13.2% from a year earlier.

Annex


Release Schedule of Monetary Statistics in Hong Kong

The monthly release schedule of monetary statistics in Year 2018 is as follows.
  

                           Reference Month                     Release Date 

                           January 2018                             28 February 2018

                           February 2018                           29 March 2018 

                           March 2018                                30 April 2018 

                           April 2018                                   31 May 2018 

                           May 2018                                   29 June 2018 

                           June 2018                                  31 July 2018 

                           July 2018                                    31 August 2018 

                           August 2018                               28 September 2018 

                           September 2018                        31 October 2018 

                           October 2018                             30 November 2018 

                           November 2018                         31 December 2018 

                           December 2018                         31 January 2019

 

Hong Kong Monetary Authority
31 October 2017

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Last revision date : 31 October 2017