Monetary Statistics for May 2005

Press Releases

30 Jun 2005

Monetary Statistics for May 2005

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions declined by 1.0% in May 2005, with Hong Kong dollar and foreign currency deposits falling by 1.2% and 0.7% respectively. Within foreign currency deposits, renminbi deposits amounted to RMB19.3 billion yuan in May, compared with RMB16.7 billion yuan in April.

Total loans and advances expanded by 0.6% in May, as a rise of 1.1% in loans for use in Hong Kong outweighed a decline of 3.3% in loans for use outside Hong Kong. Analysed by currency, Hong Kong dollar loans rose while foreign currency loans registered a decline. As Hong Kong dollar loans increased but Hong Kong dollar deposits fell, the loan-to-deposit ratio rose to 87.0% in May.

On a seasonally adjusted basis, Hong Kong dollar M1 fell by 1.8% in May and by 3.4% from a year ago. Unadjusted Hong Kong dollar M2 and M3 both contracted by 1.2% during the month, but grew by 6.4% and 6.2% respectively from a year earlier.

For further enquiries, please contact:

Kevin Ip, Manager (Press), at 2878 1687 or
Hing-Fung Wong, Resource Co-ordinator, at 2878 1802

Hong Kong Monetary Authority
30 June 2005


Latest Press Releases
Last revision date : 30 June 2005