Monetary Statistics for November 2009

Press Releases

31 Dec 2009

Monetary Statistics for November 2009

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions rose by 0.5% in November 2009. Hong Kong-dollar deposits were little changed during the month, as the increase in savings deposits roughly offset the decline in demand and time deposits. Foreign-currency deposits expanded by 1.0% in November. Accounting for around 2.2% of foreign-currency deposits, renminbi deposits in Hong Kong grew by 5.5% to RMB60.4 billion at the end of November.

Total loans and advances expanded by 1.5% in November. Loans for use in Hong Kong climbed by 1.2% and loans for use outside Hong Kong rose by 2.7%. As Hong Kong-dollar loans grew while deposits were stable, the Hong Kong-dollar loan-to-deposit ratio rebounded slightly to 69.9% at the end of November from 69.1% at the end of October.

Seasonally adjusted Hong Kong-dollar M1 rose by 0.5% in November and increased by 48.9% from a year earlier. Unadjusted Hong Kong-dollar M3 was virtually unchanged during the month but expanded by 14.1% year on year.


For further enquiries, please contact:
Alice Lo, Communications Chief, at 2878 1480 or
Hing-fung Wong, Manager (Communications), at 2878 1802


Hong Kong Monetary Authority
31 December 2009

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Last revision date : 31 December 2009