Monetary Statistics for October 2014

Press Releases

28 Nov 2014

Monetary Statistics for October 2014

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 1.2% in October 2014. As the expansion in demand deposits exceeded the decrease in savings and time deposits, Hong Kong-dollar deposits increased by 0.6% during the month. Overall foreign-currency deposits rose by 1.7% in October, while renminbi deposits in Hong Kong edged down by 0.1% to RMB943.6 billion at the end of October. The total remittance of renminbi for cross-border trade settlement amounted to RMB532.3 billion in October, compared with RMB605.6 billion in September. 

Total loans and advances rose by 1.0% in October, within which loans for use in Hong Kong (including trade finance) increased by 0.8% and loans for use outside Hong Kong grew by 1.5%. As Hong Kong-dollar loans expanded at a faster pace than deposits, the Hong Kong-dollar loan-to-deposit ratio climbed to 82.4% at the end of October from 81.8% at the end of September. 

Seasonally adjusted Hong Kong-dollar M1 increased by 4.1% in October and expanded by 15.7% year on year. Seasonally unadjusted Hong Kong-dollar M3 grew by 0.5% in October and rose by 10.3% from a year earlier.  

Annex

 

Hong Kong Monetary Authority
28 November 2014

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Last revision date : 28 November 2014