Monetary Statistics for September 2015

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions were virtually unchanged in September 2015. As the decrease in time deposits exceeded the increase in demand and savings deposits, Hong Kong-dollar deposits edged down by 0.2%. Overall foreign-currency deposits increased by 0.2%. Renminbi deposits in Hong Kong declined by 8.5% to RMB895.4 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB738.6 billion in September, compared with RMB727.9 billion in August.  

Total loans and advances decreased by 0.5% in September. Among the total, loans for use in Hong Kong (including trade finance) declined by 0.7% from a month ago, while loans for use outside Hong Kong were virtually unchanged. As Hong Kong-dollar loans declined at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 78.4% at the end of September from 78.5% at the end of August.

In the third quarter of 2015, loans for use in Hong Kong (including trade finance) decreased by 1.3% after declining by 0.5% in the earlier quarter. Analysed by economic use, the quarterly decline was led mainly by trade finance, loans to stockbrokers, and loans to the wholesale and retail trade sector.

Seasonally adjusted Hong Kong-dollar M1 declined by 0.6% in September and grew by 15.1% year on year. Seasonally unadjusted Hong Kong-dollar M3 decreased by 0.3% during the month but expanded by 10.1% from a year earlier. 

Annex

Hong Kong Monetary Authority
30 October 2015

Release Schedule of Monetary Statistics in Hong Kong

The monthly release schedule of monetary statistics in Year 2016 is as follows.

                           Reference Month                     Release Date

                           January 2016                             29 February 2016

                           February 2016                           31 March 2016

                           March 2016                                29 April 2016

                           April 2016                                  31 May 2016

                           May 2016                                   30 June 2016

                           June 2016                                   29 July 2016

                           July 2016                                    31 August 2016

                           August 2016                               30 September 2016

                           September 2016                        31 October 2016

                           October 2016                             30 November 2016

                           November 2016                         30 December 2016

                           December 2016                         27 January 2017