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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 authorized institutions were virtually unchanged in September 2015. As the decrease in time deposits exceeded the increase in demand and savings deposits, Hong Kong-dollar deposits edged down by 0.2%. Overall foreign-currency deposits increased by 0.2%. Renminbi deposits in Hong Kong declined by 8.5% to RMB895.4 billion at the end of September. The total remittance of Renminbi for cross-border trade settlement amounted to RMB738.6 billion in September, compared with RMB727.9 billion in August.
Total loans and advances decreased by 0.5% in September. Among the total, loans for use in Hong Kong (including trade finance) declined by 0.7% from a month ago, while loans for use outside Hong Kong were virtually unchanged. As Hong Kong-dollar loans declined at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 78.4% at the end of September from 78.5% at the end of August.
In the third quarter of 2015, loans for use in Hong Kong (including trade finance) decreased by 1.3% after declining by 0.5% in the earlier quarter. Analysed by economic use, the quarterly decline was led mainly by trade finance, loans to stockbrokers, and loans to the wholesale and retail trade sector.
Seasonally adjusted Hong Kong-dollar M1 declined by 0.6% in September and grew by 15.1% year on year. Seasonally unadjusted Hong Kong-dollar M3 decreased by 0.3% during the month but expanded by 10.1% from a year earlier.
Release Schedule of Monetary Statistics in Hong Kong
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The monthly release schedule of monetary statistics in Year 2016 is as follows.
Reference Month Release Date
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January 2016 February 29, 2016
February 2016 March 31, 2016
March 2016 April 29, 2016
April 2016 May 31, 2016
May 2016 June 30, 2016
June 2016 July 29, 2016
July 2016 August 31, 2016
August 2016 September 30, 2016
September 2016 October 31, 2016
October 2016 November 30, 2016
November 2016 December 30, 2016
December 2016 January 27, 2017
Ends/Friday, October 30, 2015
Issued at HKT 16:32
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