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According to statistics published today (October 31) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 2.2% in September 2006. Of the total, Hong Kong dollar deposits and foreign currency deposits rose by 3.3% and 0.9% respectively. Within foreign currency deposits, renminbi deposits decreased by 0.4% to RMB22.6 billion yuan in September.
Total loans and advances expanded by 1.7% in September. Of the total, loans for use in Hong Kong and outside Hong Kong rose by 0.9% and 7.3% respectively. While Hong Kong dollar loans advanced by 2.4%, foreign currency loans decreased by 0.6%. As the increase in Hong Kong dollar loans was smaller than the rise in Hong Kong dollar deposits, the Hong Kong dollar loan-to-deposit ratio decreased slightly to 79.1% in September.
On a seasonally adjusted basis, Hong Kong dollar M1 grew by 1.3% in September and rose by 4.7% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 both increased by 3.1% during the month. On a year-on-year comparison, Hong Kong dollar M2 and M3 both rose by 16.3%.
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2007 is as follows.
Reference Month Release Date
January 2007 February 28 2007
February 2007 March 30 2007
March 2007 April 30 2007
April 2007 May 31 2007
May 2007 June 29 2007
June 2007 July 31 2007
July 2007 August 31 2007
August 2007 September 28 2007
September 2007 October 31 2007
October 2007 November 30 2007
November 2007 December 31 2007
December 2007 January 31 2008
For further enquiries, please contact:
Hing-fung Wong, Officer (Press), at 2878 1802 or
Thomas Chan, Senior Manager (Press), at 2878 1480
Ends/Tuesday, October 31, 2006
Issued at HKT 16:59
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