Monetary Statistics for June 2009

Press Releases

31 Jul 2009

Monetary Statistics for June 2009

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 1.8% in June 2009. Hong Kong-dollar deposits rose by 3.1% during the month, with demand, savings and time deposits increasing. Foreign-currency deposits also expanded by 0.4% in June. Accounting for around 2.1% of foreign-currency deposits, renminbi deposits in Hong Kong climbed by 1.7% to RMB54.4 billion at the end of June.

Total loans and advances increased by 1.5% in June. Loans for use in Hong Kong grew by 2.0% while loans for use outside Hong Kong contracted by 1.2%. Because Hong Kong-dollar deposits rose at a faster rate than Hong Kong-dollar loans, the Hong Kong-dollar loan-to-deposit ratio declined to 72.1% at the end of June from 72.7% at the end of May.

In the second quarter of 2009, loans for use in Hong Kong expanded by 1.7%. Analysed by economic use, lending to stockbrokers recorded a significant growth alongside a buoyant stock market and increased activity in equity initial public offerings. Trade financing loans also increased after contracting in the previous three quarters.

Seasonally adjusted Hong Kong-dollar M1 rose by 2.4% in June and increased by 28.6% from a year earlier. Unadjusted Hong Kong-dollar M3 grew by 2.8% during the month and expanded by 13.3% year on year.

Annex

For further enquiries, please contact:
Hing-fung Wong, Manager (Communications), at 2878 1802 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
31 July 2009

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Last revision date : 31 July 2009