According to statistics published today (Wednesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.3% in September. Hong Kong-dollar deposits expanded by 2.0% during the month, reflecting increases in demand, savings and time deposits. Overall foreign-currency deposits grew by 0.6% in September, while renminbi deposits in Hong Kong declined by 1.2% to RMB545.7 billion. The total remittance of the renminbi for cross-border trade settlement amounted to RMB239.3 billion in September, compared with RMB254.2 billion in the previous month.
Total loans and advances rose by 1.2% in September. Loans for use in Hong Kong grew by 0.8% and loans for use outside Hong Kong expanded by 2.2%. As Hong Kong-dollar loans increased at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio declined to 81.3% at the end of September from 82.4% a month ago.
In the third quarter of 2012, loans for use in Hong Kong rose by 1.6%, broadly the same pace as in the previous quarter. Analysed by economic use, the quarterly expansion in loans was led by trade finance, residential mortgage loans, loans to wholesale and retail trade and loans for building, construction, property development and investment.
Seasonally adjusted Hong Kong-dollar M1 increased by 0.4% in September and expanded by 10.2% year on year. Unadjusted Hong Kong-dollar M3 rose by 2.1% during the month and expanded by 10.9% from a year earlier.
Hong Kong Monetary Authority
31 October 2012
The monthly release schedule of monetary statistics in Year 2013 is as follows.
Reference Month Release Date
January 2013 28 February 2013
February 2013 28 March 2013
March 2013 30 April 2013
April 2013 31 May 2013
May 2013 28 June 2013
June 2013 31 July 2013
July 2013 30 August 2013
August 2013 30 September 2013
September 2013 31 October 2013
October 2013 29 November 2013
November 2013 31 December 2013
December 2013 30 January 2014