According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions were virtually unchanged in September 2015. As the decrease in time deposits exceeded the increase in demand and savings deposits, Hong Kong-dollar deposits edged down by 0.2%. Overall foreign-currency deposits increased by 0.2%. Renminbi deposits in Hong Kong declined by 8.5% to RMB895.4 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB738.6 billion in September, compared with RMB727.9 billion in August.
Total loans and advances decreased by 0.5% in September. Among the total, loans for use in Hong Kong (including trade finance) declined by 0.7% from a month ago, while loans for use outside Hong Kong were virtually unchanged. As Hong Kong-dollar loans declined at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 78.4% at the end of September from 78.5% at the end of August.
In the third quarter of 2015, loans for use in Hong Kong (including trade finance) decreased by 1.3% after declining by 0.5% in the earlier quarter. Analysed by economic use, the quarterly decline was led mainly by trade finance, loans to stockbrokers, and loans to the wholesale and retail trade sector.
Seasonally adjusted Hong Kong-dollar M1 declined by 0.6% in September and grew by 15.1% year on year. Seasonally unadjusted Hong Kong-dollar M3 decreased by 0.3% during the month but expanded by 10.1% from a year earlier.
Hong Kong Monetary Authority
30 October 2015
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2016 is as follows.
Reference Month Release Date
January 2016 29 February 2016
February 2016 31 March 2016
March 2016 29 April 2016
April 2016 31 May 2016
May 2016 30 June 2016
June 2016 29 July 2016
July 2016 31 August 2016
August 2016 30 September 2016
September 2016 31 October 2016
October 2016 30 November 2016
November 2016 30 December 2016
December 2016 27 January 2017