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

Hong Kong Banking Sector's non-bank China exposures

The Hong Kong Monetary Authority (HKMA) announced today (16 March 2007) the results of its quarterly analysis of the non-bank China exposures (NBCE) of Authorized Institutions (AIs) based on the enhanced prudential reporting criteria adopted since the end of September 2006.

The HKMA began collecting the data of AIs' exposures to specified non-bank Chinese entities in 1998. With the increasing economic integration between Hong Kong and the Mainland, the HKMA considered it desirable to obtain more comprehensive data on the banking sector's NBCE and accordingly expanded the scope of reporting after consultation with the industry. The major changes are the introduction of new reporting items covering exposures to "other" Chinese entities (those not specified under the previous reporting criteria) and exposures to non-Chinese entities where the credit is granted by AIs for use on the Mainland. AIs are required to adopt the enhanced reporting criteria to compile the relevant prudential return starting from the position of the end of September 2006.

Annexed is a summary of the major changes arising from the enhanced reporting framework. As expected, there was a significant increase in the level of NBCE reported by AIs as at end-September last year compared with the previous quarter due to the inclusion of new items. On the other hand, the change in NBCE during the fourth quarter of 2006 was moderate. The industry's aggregate NBCE as at end-December last year amounted to HK$545.7 billion, compared with HK$535.3 billion at end-September. The figure stood at HK$219.6 billion at end-June, which was based on the previous scope of reporting. On-balance-sheet exposures amounted to HK$430.5 billion or 4.7% of the industry's total assets at end-December, while the two new items jointly accounted for 59.8% of the aggregate NBCE.

The HKMA will continue to release the analysis of NBCE in its Quarterly Bulletin.

For further enquiries, please contact:
Hing-fung Wong, Officer (Press), at 2878 1802 or
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
16 March 2007

Annex

Banking sector's non-bank China exposures

In HK$ Billion Jun-06 Sep-06 Dec-06
Change (%)
Sep vs. Jun Dec vs. Sep
On-balance-sheet exposures 173.8 423.2 430.5 +143.5% +1.7%
Off-balance-sheet exposures 45.8 112.1 115.2 +144.8% +2.8%
Total direct exposures 219.6 535.3 545.7 +143.8% +1.9%
Breakdown by counterparties
ITICs, red-chip and H-share companies, other Mainland government-owned entities, and their subsidiaries (no change in the reporting criteria) 184.6 193.8 199.6 +5.0% +3.0%
Other entities incorporated or established in China (new) 132.4 122.7 -7.3%
Companies and individuals outside China where the credit is granted for use in China (new) 188.1 203.5 +8.2%
Others 35.0 21.0 19.9 -40.0% -5.2%
Total 219.6 535.3 545.7 +143.8% +1.9%
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