Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Zeti Akhtar Aziz
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Carmen Chu
Alan Au
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
515.5995

Press Releases

Monetary Statistics for December 2001

According to statistics published today (31 January) by the Hong Kong Monetary Authority, both total deposits and loans of all authorized institutions declined during the month of December. Table 1 provides a summary and comparison with earlier months.

Deposits

Total deposits decreased moderately by 1.1% in December. The fall was attributable to a decline in foreign currency deposits, which more than offset a rise in Hong Kong dollar deposits.

Within Hong Kong dollar deposits, demand and savings deposits increased, by 4.7% and 2.9% respectively, while time deposits decreased moderately by 1.7% in December. Foreign currency deposits contracted by 2.6%, with both US dollar and non-US dollar foreign currency deposits declining.

Loans and advances

Total loans and advances contracted by 1.2% in December. Of the total, loans for use outside Hong Kong shrank notably by 5.7%, while domestic loans declined marginally by 0.4%.

Analysed by currency, Hong Kong dollar denominated loans increased marginally, while foreign currency loans declined significantly in December. As Hong Kong dollar loans increased faster than Hong Kong dollar deposits during the month, the Hong Kong dollar loan-to-deposit ratio edged up slightly to 89%.

Money supply

On a seasonally adjusted basis, Hong Kong dollar M1 rose moderately by 1.9% in December, attributable to increases in both currency held by the public and demand deposits. Both unadjusted Hong Kong dollar M2 and M3 increased by 0.3% in December. Compared with a year ago, unadjusted Hong Kong dollar M1 increased by 12.8%, while Hong Kong dollar M2 and M3 rose by 0.5% and 0.7% respectively.

Quarterly analysis of loans for use in Hong Kong by major economic sectors

Credit expansion analysed by economic use was mixed in the December quarter.

Loans for residential mortgages grew slightly by 0.5% on a quarter-on-quarter basis, while loans for building, construction, property development and investment increased by 0.9%. Loans for trade financing shrank notably by 8.7% amid a reduction in external trade, while loans for wholesale and retail trade contracted by 7%.

For further enquiries, please contact:

Jasmin Fung, Manager (Press), at 2878 8246 or
Sylvia Yip, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
31 January 2002

Last revision date: 1 August 2011
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Information in Other Languages (Bahasa Indonesia, हिन्दी, नेपाली, ਪੰਜਾਬੀ, Tagalog, ไทย, اردو)
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery