the year-on-year growth rates of HK$M1, HK$M2 and HK$M3 were 10.3%, 16.6% and 12.1% respectively; the corresponding growth rates during the third quarter of
of 1986 were 6.4%, 5.6% and
4.4%. Except for Ml, the total money supply grew faster than the local currency component, reflecting the faster growth in
foreign currency deposits relative to Hong Kong dollar deposits.
Loans and advances
3.10
The demand
for loans
to
improve
(10)
/
continued
economic activity. Total
extended by
banks and
5.4% during the third
consistent with the revival in
outstanding loans and advances
deposit-taking companies grew by quarter, compared with 0.3% during the same
year. They amounted to $496.1 billion
September 1986.
quarter last
at the end of
(10)
/3.11
•
Loans and advances made by deposit-taking institutions (HK$Mn)
Loans to finance
As at
imports and exports
Loans for use in
end of
of Hong Kong
Hong Kong
Loans for use outside Hong Kong
Others
Total
1985 Q1
aaaa
32,008
Q2
31,850
224,084 229,577
Q3
30,459
233,882
145,727 25,117 426,935 147,693 25,088 434,208 146,570 24,392 435,303
Q4
30,855
234,943
146,319 27,847 439,964
1986 Q1
222
31,885
240,655
02
33,882
247,037
Q3
34,400
262,058
155,372 31,329 459,241 159,185 30,427 470,531 163,608 36,048 496,114
27