Monetary Statistics for January 2007

Press Releases

28 Feb 2007

Monetary Statistics for January 2007

According to statistics published today (Wednesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.6% in January 2007, with Hong Kong dollar deposits and foreign currency deposits registering an increase of 2.4% and 0.7% respectively. Within foreign currency deposits, renminbi deposits increased to RMB24.2 billion yuan at end January from RMB22.7 billion yuan at end December 2006.

Total loans and advances expanded by 3.4% in January, with Hong Kong dollar and foreign currency loans increasing by 3.8% and 2.0% respectively. Loans for use in Hong Kong expanded by 3.3% while loans for use outside Hong Kong grew by 4.1%. Since the Hong Kong dollar loans increased at a faster pace than Hong Kong dollar deposits, the Hong Kong dollar loan-to-deposit ratio increased to 75.7% in January from a historical low of 74.7% in December.

On a seasonally adjusted basis, Hong Kong dollar M1 dropped by 0.7% in January but increased by 13.1% from a year earlier. Both unadjusted Hong Kong dollar M2 and M3 grew by 2.3% during the month and by 18.2% 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
28 February 2007

Latest Press Releases
Last revision date : 28 February 2007