According to statistics published today (Monday) by the Hong Kong Monetary Authority, total deposits with authorized institutions expanded by 2.3% in September. With increases in demand, savings and time deposits, Hong Kong-dollar deposits rose by 1.2% during the month. Overall foreign-currency deposits picked up by 3.5% in September. Renminbi deposits in Hong Kong increased by 1.9% to RMB665.5 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB382.9 billion in September, compared with RMB398.8 billion in August.
Total loans and advances increased by 1.2% in September. Among the total, loans for use in Hong Kong (including trade finance) grew by 1.1% from a month ago, and loans for use outside Hong Kong rose by 1.4%. As Hong Kong-dollar loans increased at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged up to 75.6% at the end of September from 75.3% at the end of August.
In the third quarter of 2016, loans for use in Hong Kong (including trade finance) picked up by 1.5% after rising by 3.1% in the previous quarter. Analysed by economic use, the quarterly increase in loans was mainly led by loans to financial concerns, loans to building, construction, property development and investment, and loans to transport and transport equipment.
Seasonally adjusted Hong Kong-dollar M1 grew by 1.6% in September and expanded by 12.0% year on year. Seasonally unadjusted Hong Kong-dollar M3 increased by 1.2% during the month and rose by 7.8% from a year earlier.
Hong Kong Monetary Authority
31 October 2016
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2017 is as follows.
Reference Month Release Date
January 2017 28 February 2017
February 2017 31 March 2017
March 2017 28 April 2017
April 2017 31 May 2017
May 2017 30 June 2017
June 2017 31 July 2017
July 2017 31 August 2017
August 2017 29 September 2017
September 2017 31 October 2017
October 2017 30 November 2017
November 2017 29 December 2017
December 2017 31 January 2018