Monetary Statistics for February 2016

Press Releases

31 Mar 2016

Monetary Statistics for February 2016

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.7% in February. As the decrease in demand and time deposits exceeded the increase in savings deposits, Hong Kong-dollar deposits declined by 0.3% during the month. Overall foreign-currency deposits also decreased by 1.1% in February. Renminbi deposits in Hong Kong declined by 5.7% to RMB803.9 billion at the end of February. The total remittance of renminbi for cross-border trade settlement amounted to RMB279.8 billion in February, compared with RMB480.1 billion in January. 

Total loans and advances went down by 0.8% in February. Among the total, loans for use in Hong Kong (including trade finance) declined by 0.8% from a month ago, and loans for use outside Hong Kong also decreased by 0.8%. As Hong Kong-dollar loans decreased at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 78.3% at the end of February from 78.4% at the end of January.

Seasonally adjusted Hong Kong-dollar M1 increased by 0.4% in February and grew by 13.3% year on year. Seasonally unadjusted Hong Kong-dollar M3 edged down by 0.2% during the month but expanded by 8.7% from a year earlier. 


Annex


Hong Kong Monetary Authority
31 March 2016

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Last revision date : 31 March 2016