Monetary Statistics for February 2012

Press Releases

30 Mar 2012

Monetary Statistics for February 2012

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions rose by 0.8% in February. As the expansion in demand and savings deposits exceeded the contraction in time deposits, Hong Kong-dollar deposits grew by 2.5% during the month. Overall foreign-currency deposits edged down by 0.9% in February, and renminbi deposits in Hong Kong declined by 1.7% to RMB566.2 billion at the end of the month. The total remittance of the renminbi for cross-border trade settlement amounted to RMB187.5 billion in February, compared with RMB156.4 billion in the previous month.

Total loans and advances grew by 0.7% in February. Loans for use in Hong Kong climbed by 0.4% and loans for use outside Hong Kong rose by 1.5%. As Hong Kong-dollar loans expanded at a slower pace than deposits, the Hong Kong-dollar loan-to-deposit ratio fell to 81.4% at the end of February from 83.4% a month ago.

Seasonally adjusted Hong Kong-dollar M1 increased by 3.0% in February and rose by 4.5% year on year. Unadjusted Hong Kong-dollar M3 expanded by 2.3% during the month and grew by 9.8% from a year earlier.

Annex

Hong Kong Monetary Authority
30 March 2012

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Last revision date : 30 March 2012