Monetary Statistics for January 2013

Press Releases

28 Feb 2013

Monetary Statistics for January 2013

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions expanded by 2.9% in January. Hong Kong-dollar deposits climbed by 3.6% during the month, reflecting increases in demand, savings and time deposits. Overall foreign-currency deposits grew by 2.1% in January, and renminbi deposits in Hong Kong increased by 3.5% to RMB624.0 billion. The total remittance of the renminbi for cross-border trade settlement amounted to RMB268.5 billion in January, compared with RMB264.1 billion in the previous month.

Total loans and advances rose by 2.1% in January. Loans for use in Hong Kong expanded by 2.4% and loans for use outside Hong Kong increased by 1.2%. As Hong Kong-dollar loans increased at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio fell to 78.4% at the end of January from 79.8% a month ago.

Seasonally adjusted Hong Kong-dollar M1 increased by 2.2% in January and rose by 20.1% year on year. Unadjusted Hong Kong-dollar M3 expanded by 3.6% during the month and picked up by 14.1% from a year earlier.


Hong Kong Monetary Authority
28 February 2013

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Last revision date : 28 February 2013