Monetary Statistics for September 2017
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According to statistics published today (October 31) by the Hong Kong Monetary Authority, total deposits with authorised institutions edged up by 0.2% in September 2017. With increase in demand, savings and time deposits, Hong Kong-dollar deposits rose by 1.1% during the month. Overall foreign-currency deposits decreased by 0.9% in September. Renminbi deposits in Hong Kong increased by 0.5% to RMB535.5 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB327.9 billion in September, compared with RMB336.0 billion in August.
Total loans and advances rose by 1.1% in September. Among the total, loans for use in Hong Kong (including trade finance) increased by 1.0% from a month ago and loans for use outside Hong Kong expanded by 1.2%. 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 78.8% at the end of September from 78.3% at the end of August.
In the third quarter of 2017, loans for use in Hong Kong (including trade finance) expanded further by 2.7% after growing by 5.2% in the previous quarter. Analysed by economic use, the quarterly increase in loans was mainly led by loans to building, construction, property development and investment and loans to financial concerns.
Seasonally adjusted Hong Kong-dollar M1 increased by 2.6% in September and expanded by 13.3% year on year. Seasonally unadjusted Hong Kong-dollar M3 grew by 1.3% during the month and rose by 13.2% from a year earlier.
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2018 is as follows.
| Reference Month | Release Date |
| January 2018 | February 28, 2018 |
| February 2018 | March 29, 2018 |
| March 2018 | April 30, 2018 |
| April 2018 | May 31, 2018 |
| May 2018 | June 29, 2018 |
| June 2018 | July 31, 2018 |
| July 2018 | August 31, 2018 |
| August 2018 | September 28, 2018 |
| September 2018 | October 31, 2018 |
| October 2018 | November 30, 2018 |
| November 2018 | December 31, 2018 |
| December 2018 | January 31, 2019 |
Ends/Tuesday, October 31, 2017
Issued at HKT 16:30
Issued at HKT 16:30
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