Monetary Statistics for February 2010

Press Releases

31 Mar 2010

Monetary Statistics for February 2010

According to statistics published today (Wednesday) by the Hong Kong Monetary Authority, total deposits with authorized institutions declined slightly by 0.2% in February 2010. Hong Kong-dollar deposits contracted by 0.5% during the month, as the contraction in savings deposits exceeded the expansion in demand deposits. Foreign-currency deposits were little changed in February. Accounting for around 2.5% of foreign-currency deposits, renminbi deposits in Hong Kong climbed by 3.3% to RMB66.1 billion at the end of February.

Total loans and advances increased by 1.5% in February. Loans for use in Hong Kong grew by 1.0% and loans for use outside Hong Kong rose by 3.8%. As Hong Kong-dollar loans expanded while deposits contracted, the Hong Kong-dollar loan-to-deposit ratio rose from 73.0% at the end of January to 73.8% at the end of February.

Seasonally adjusted Hong Kong-dollar M1 expanded by 1.1% in February and increased by 34.5% from a year earlier. Unadjusted Hong Kong-dollar M3 shrank by 0.1% during the month but rose by 10.7% year on year.


For further enquiries, please contact:
Peggy Lo, Manager (Communications), at 2878 1687 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
31 March 2010

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Last revision date : 31 March 2010