Monetary Statistics for February 2007

Press Releases

30 Mar 2007

Monetary Statistics for February 2007

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 3.4% in February 2007. Hong Kong dollar and foreign currency deposits rose by 5.3% and 1.1% respectively. Within foreign currency deposits, renminbi deposits increased to RMB 24.9 billion yuan at the end of February.

Total loans and advances expanded by 5.4% during the month, with Hong Kong dollar and foreign currency loans increasing by 5.3% and 5.8% respectively. Loans for use in Hong Kong and outside Hong Kong grew by 5.3% and 5.7% respectively. Because Hong Kong dollar loans increased at about the same rate as Hong Kong dollar deposits, the Hong Kong dollar loan-to-deposit ratio remained stable at 75.6% in February.

On a seasonally adjusted basis, Hong Kong dollar M1 grew by 3.7% in February and by 14.3% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 expanded by 5.3% and 5.2% respectively during the month. On a year-on-year comparison, Hong Kong dollar M2 and M3 both increased by 17.3%.


For further enquiries, please contact:
Sara Yip, Manager (Press), at 2878 8246 or
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
30 March 2007

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Last revision date : 30 March 2007