Monetary Statistics for September 2016

Press Releases

31 Oct 2016

Monetary Statistics for September 2016

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

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Last revision date : 31 October 2016