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According to statistics published today (October 31) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.7% in September 2005, as a 1.6% rise in Hong Kong dollar deposits more than offset a decline of 0.4% in foreign currency deposits. Within foreign currency deposits, renminbi deposits amounted to RMB22.6 billion yuan in September, compared with RMB22.4 billion yuan in August.
Total loans and advances expanded by 0.6% in September, as a rise of 0.6% in loans for use in Hong Kong outweighed a slight decline of 0.04% in loans for use outside Hong Kong. Analysed by currency, foreign currency loans decreased, while Hong Kong dollar lending increased. As Hong Kong dollar deposits rose more than Hong Kong dollar loans, the loan-to-deposit ratio fell to 84.8% in September.
On a seasonally adjusted basis, Hong Kong dollar M1 decreased by 1.5% in September and by 5.6% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 both grew by 1.5% during the month, and by 10.1% on a year-on-year comparison.
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2006 is as follows.
Reference Month Release Date
January 2006 February 28 2006
February 2006 March 31 2006
March 2006 April 28 2006
April 2006 May 30 2006
May 2006 June 30 2006
June 2006 July 31 2006
July 2006 August 31 2006
August 2006 September 29 2006
September 2006 October 31 2006
October 2006 November 30 2006
November 2006 December 29 2006
December 2006 January 31 2007
For further enquiries, please contact:
Hing-Fung Wong, Resource Co-ordinator, at 2878 1802 or
Kevin Ip, Manager (Press), at 2878 1687
Ends/Monday, October 31, 2005
Issued at HKT 16:31
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