Monetary Statistics for February 2013

Press Releases

28 Mar 2013

Monetary Statistics for February 2013

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions dropped by 1.2% in February. As the contraction in savings and time deposits exceeded the expansion in demand deposits, Hong Kong-dollar deposits decreased by 3.0% during the month. Overall foreign-currency deposits edged up by 0.7% in February, while renminbi deposits in Hong Kong rose by 4.4% to RMB651.7 billion. The total remittance of the renminbi for cross-border trade settlement amounted to RMB221.7 billion in February, compared with RMB268.5 billion in the previous month.

Total loans and advances edged down by 0.2% in February. Loans for use in Hong Kong including trade finance declined by 0.7%, while loans for use outside Hong Kong increased by 0.8%. As Hong Kong-dollar loans decreased at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio rose to 79.7% at the end of February from 78.4% a month ago.

Seasonally adjusted Hong Kong-dollar M1 increased by 1.3% in February and expanded by 17.2% year on year. Unadjusted Hong Kong-dollar M3 declined by 2.7% during the month but grew by 8.5% from a year earlier.

Annex

Hong Kong Monetary Authority
28 March 2013

 

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Last revision date : 28 March 2013