Monetary Statistics for April 2006

Press Releases

30 May 2006

Monetary Statistics for April 2006

According to statistics published today (Tuesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 2.5% in April 2006. Of the total, Hong Kong dollar and foreign currency deposits rose by 2.3% and 2.7% respectively. Within foreign currency deposits, renminbi deposits grew by 1.1% to RMB22.7 billion yuan in April.

Total loans and advances increased by 1.7% in April, with loans for use in Hong Kong and outside Hong Kong rising by 1.4% and 3.4% respectively. Hong Kong dollar and foreign currency loans both registered an increase. As Hong Kong dollar deposits grew proportionally more than Hong Kong dollar loans, the loan-to-deposit ratio fell further to 79.2% in April.

On a seasonally adjusted basis, Hong Kong dollar M1 expanded by 2.0% in April but decreased by 4.2% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 both rose by 2.2% during the month, and by 13.5% and 13.6% respectively on a year-on-year comparison.

For further enquiries, please contact:
Ying-ying Cheng, Manager (Press), at 2878 1687 or
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
30 May 2006


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Last revision date : 30 May 2006