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The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (October 30) by the Hong Kong Monetary Authority, total deposits with authorised institutions rose by 2.1% in September, 2009. With demand, savings and time deposits increasing, Hong Kong-dollar deposits grew by 3.8% during the month. Foreign-currency deposits also expanded slightly by 0.1% in September. Accounting for around 2.2% of foreign-currency deposits, renminbi deposits in Hong Kong climbed by 2.7% to RMB58.2 billion at the end of September.
Total loans and advances increased by 3.2% in September. Loans for use in Hong Kong rose by 3.3% and loans for use outside Hong Kong expanded by 2.9%. As Hong Kong-dollar loans rose at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio declined to 70.2% at the end of September from 70.8% at the end of August.
In the third quarter of 2009, loans for use in Hong Kong grew by 1.6%. Analysed by economic use, growth in mortgage lending accelerated alongside a buoyant property market. Trade financing loans also increased for the second consecutive quarter.
Seasonally adjusted Hong Kong-dollar M1 rose by 10.5% in September and increased by 55.3% from a year earlier. Unadjusted Hong Kong-dollar M3 climbed by 3.7% during the month and expanded by 14.1% year on year.
Release schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2010 is as follows.
Reference Month Release Date
January, 2010 February 26, 2010
February, 2010 March 31, 2010
March, 2010 April 30, 2010
April, 2010 May 31, 2010
May, 2010 June 30, 2010
June, 2010 July 30, 2010
July, 2010 August 31, 2010
August, 2010 September 30, 2010
September, 2010 October 29, 2010
October, 2010 November 30, 2010
November, 2010 December 31, 2010
December, 2010 January 31, 2011
For further enquiries, please contact:
Peggy Lo, Manager (Communications), at 2878 1687 or
Wong Hing-fung, Manager (Communications), at 2878 1802
Ends/Friday, October 30, 2009
Issued at HKT 17:05
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