Monetary Statistics for November 2016

Press Releases

30 Dec 2016

Monetary Statistics for November 2016

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 0.6% in November. As the increase in savings and time deposits exceeded the decrease in demand deposits, Hong Kong-dollar deposits increased by 0.4% during the month. Overall foreign-currency deposits picked up by 0.7% in November. Renminbi deposits in Hong Kong decreased by 5.3% to RMB627.6 billion at the end of November. The total remittance of renminbi for cross-border trade settlement amounted to RMB390.6 billion in November, compared with RMB309.4 billion in October.

Total loans and advances rose by 1.0% in November. Among the total, loans for use in Hong Kong (including trade finance) picked up by 1.5% from a month ago, while loans for use outside Hong Kong edged down by 0.2%. As Hong Kong-dollar loans grew at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio increased to 76.2% at the end of November from 75.3% at the end of October.

Seasonally adjusted Hong Kong-dollar M1 grew by 1.1% in November and expanded by 12.0% year on year. Seasonally unadjusted Hong Kong-dollar M3 edged up by 0.4% during the month and rose by 8.7% from a year earlier. 


Hong Kong Monetary Authority
30 December 2016

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Last revision date : 30 December 2016