Chinese Version

Monetary Statistics for September 2008

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 2.9% in September 2008.  Hong Kong-dollar deposits rose by 3.1% during the month, driven by the expansion in time deposits. Foreign-currency deposits also grew by 2.7% in September. Accounting for around 2.7% of foreign-currency deposits, renminbi deposits in Hong Kong declined for the fourth consecutive month, by 1.7% to RMB70.0 billion at the end of September. 

Total loans and advances edged up by 0.1% in September. Loans for use in Hong Kong expanded by 0.2% while loans for use outside Hong Kong contracted by 0.4%. The Hong Kong-dollar loan-to-deposit ratio decreased to 81.4% at the end of September, as deposits grew at a faster rate than loans. 

In the third quarter of 2008, loans for use in Hong Kong expanded by 2.7%. Analysed by economic uses, lending to financial concerns recorded the highest growth rate of 9.5% while trade financing loans declined by 2.9%. 

Seasonally-adjusted Hong Kong-dollar M1 decreased by 0.5% in September but rose by 11.3% year on year. Unadjusted Hong Kong-dollar M3 increased by 3.0% during the month but contracted by 7.4% from a year earlier. 

 

Release Schedule of Monetary Statistics in Hong Kong

 The monthly release schedule of monetary statistics in Year 2009 is as follows.

 

Reference Month 

Release Date 

 

January 2009
February 2009
March 2009 
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009

27 February 2009 
31 March 2009
30 April 2009
29 May 2009
30 June 2009
31 July 2009
31 August 2009
30 September 2009
30 October 2009
30 November 2009
31 December 2009
29 January 2010

Annex

For further enquiries, please contact:
Hing-fung Wong, Manager (Press), at 2878 1802 or
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
31 October 2008

 

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