Monetary Statistics for November 2006

Press Releases

29 Dec 2006

Monetary Statistics for November 2006

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 7.2% in November 2006. Hong Kong dollar and foreign currency deposits increased by 12.3% and 1.4% respectively. Meanwhile, the Hong Kong dollar demand deposits registered a substantial increase of 72.7%, reflecting temporary placements relating to stock market fund-raising activities at the end of the month. Representing around 1% of the foreign currency deposits, renminbi deposits remained stable at RMB22.8 billion yuan in November.

Total loans and advances registered a 9.2% increase in November, with Hong Kong dollar and foreign currency loans expanding by 11.6% and 1.1% respectively. Loans for use in Hong Kong and outside Hong Kong grew by 10.5% and 1.1% respectively. As the increase in Hong Kong dollar loans was smaller than that in Hong Kong dollar deposits, the Hong Kong dollar loan-to-deposit ratio continued to decline, reaching 76.9% in November.

On a seasonally adjusted basis, Hong Kong dollar M1 grew by 3.8% in November and by 18.4% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 increased by 11.3% and 11.2% respectively during the month. They rose by 27.1% and 27.0% respectively on a year-on-year comparison.


For further enquiries, please contact:
Sara Yip, Manager (Press), at 2878 8246 or
Hing-fung Wong, Officer (Press), at 2878 1802

Hong Kong Monetary Authority
29 December 2006

Latest Press Releases
Last revision date : 29 December 2006