Monetary Statistics for July 2015

Press Releases

31 Aug 2015

Monetary Statistics for July 2015

According to statistics published today (Monday) by the Hong Kong Monetary Authority, total deposits with authorized institutions edged down by 0.2% in July 2015. As the decrease in demand and time deposits exceeded the increase in savings deposits, Hong Kong-dollar deposits declined by 0.8% in July. Overall foreign-currency deposits picked up by 0.4%. Renminbi deposits in Hong Kong expanded by 0.1% to RMB994.1 billion at the end of July. The total remittance of renminbi for cross-border trade settlement amounted to RMB583.6 billion in July, compared with RMB592.9 billion in June.

Total loans and advances decreased by 0.6% in July. Among the total, loans for use in Hong Kong (including trade finance) declined by 0.9% from a month ago, while loans for use outside Hong Kong increased by 0.2%. As Hong Kong-dollar loans decreased at a slightly faster rate than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 79.7% at the end of July from 79.9% at the end of June.

Seasonally adjusted Hong Kong-dollar M1 went down by 3.2% in July but expanded by 14.0% year on year. Seasonally unadjusted Hong Kong-dollar M3 decreased by 0.7% during the month but rose by 9.2% from a year earlier. 




Hong Kong Monetary Authority
31 August 2015

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Last revision date : 31 August 2015