Statistics

HK Oct deposits up 0.9%

(Xinhua)
Updated: 2009-12-01 15:39

Total deposits with authorized institutions in Hong Kong rose 0.9 percent in October, the Hong Kong Monetary Authority said Monday.

During the month, foreign-currency deposits rose 1.3 percent, while Hong Kong-dollar deposits grew 0.4 percent as demand and savings deposits were increasing, said the authority.

Related readings:
HK Oct deposits up 0.9% Hong Kong equity issuance is expected to return to 2007 levels
HK Oct deposits up 0.9% Hong Kong's unemployment rate fell slightly to 5.2%
HK Oct deposits up 0.9% Hong Kong's October exports fall 13.1%
HK Oct deposits up 0.9% HK's October visitor arrivals up 9 pct

Accounting for around 2.1 percent of foreign-currency deposits, Renminbi deposits in Hong Kong dipped 1.6 percent to 57.3 billion yuan ($8.39 billion) at the end of October.

Total loans and advances shrank by 1 percent. Loans for use in Hong Kong fell 1.5 percent, but loans for use outside Hong Kong grew 1.1 percent.

As Hong Kong-dollar loans dropped while deposits grew, the Hong Kong-dollar loan-to-deposit ratio fell from 70.2 percent at the end of September to 69.1 percent at the end of October.

Seasonally adjusted Hong Kong-dollar M1 dropped 4.1 percent in October but increased 49.9 percent on a year earlier. Unadjusted Hong Kong-dollar M3 climbed 0.5 percent during the month and expanded 14.2 percent year-on-year.
Specials
Column
China Daily E-paper