Monetary Statistics for July 2018

Press Releases

31 Aug 2018

Monetary Statistics for July 2018

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions edged down by 0.1% in July 2018. Hong Kong-dollar deposits edged up by 0.2% during the month, as the increase in time deposits exceeded the decline in demand and savings deposits. Overall foreign-currency deposits decreased by 0.4% in July. Renminbi deposits in Hong Kong rose by 3.9% to RMB607.6 billion at the end of July. The total remittance of renminbi for cross-border trade settlement amounted to RMB361.6 billion in July, compared with RMB345.7 billion in June.

Total loans and advances decreased by 0.3% in July. Among the total, loans for use in Hong Kong (including trade finance) declined by 0.6% from a month ago, while loans for use outside Hong Kong edged up by 0.2%. The Hong Kong-dollar loan-to-deposit ratio decreased to 85.1% at the end of July from 85.4% at the end of June, as Hong Kong-dollar loans declined while Hong Kong-dollar deposits edged up.

On a seasonally-adjusted basis, Hong Kong-dollar M1 declined by 1.2% in July but increased by 5.7% year-on-year. Seasonally unadjusted Hong Kong-dollar M3 edged up by 0.1% during the month but grew by 4.5% from a year earlier.

Annex

 
Hong Kong Monetary Authority
31 August 2018

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Last revision date : 31 August 2018