APPENDICES
APPENDIX 18
(Chapter 5: Financial and Monetary Affairs)
Money Supply (1)
$ Million
As at end of year
1997
1998
1999
Money supply (definition 1)
HK$
188,135
178,260
205,339
Foreign currency
(2)
19,958
19,406
19,818
Total
208,093
197,666
225,156
Money supply (definition 2)
HK$ (3)
1,652,473
1,814,100
1,910,972
Foreign currency
(2), (4)
1,090,520
1,251,989
1,402,562
Total
2,742,993
3,066,089
3,313,534
Money supply (definition 3)
HK$ (3)
1,670,379
1,826,233
1,922,962
Foreign currency
(2), (4)
1,155,230
1,296,112
1,438,843
Total
2,825,609
3,122,345
3,361,805
%
Growth rate during the year
1997
1998
1999
Money supply (definition 1)
HK$
-5.1
-5.2
15.2
Foreign currency
(2)
4.2
-2.8
2.1
Overall
-4.3
-5.0
13.9
Money supply (definition 2)
HK$(3)
9.9
9.8
5.3
Foreign currency
(2), (4)
6.0
14.8
12.0
Overall
8.3
11.8
8.1
Money supply (definition 3)
HK$ (3)
Foreign currency
(2), (4)
Overall
9.9
9.3
5.3
5.9
12.2
11.0
8.2
10.5
7.7
486
Notes: (1) Figures represent the position as at end of March 2000 and are subject to revisions.
(2) Hong Kong dollar is the legal tender in the Hong Kong Special Administrative Region, as stated in 'The Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China'. Foreign currency refers to any currency other than the Hong Kong currency. Accordingly Chinese Renminbi is also treated as foreign currency.
(3) Figures are adjusted to include foreign currency swap deposits.
(4) Figures are adjusted to exclude foreign currency swap deposits.
Source: Hong Kong Monetary Authority.
(Enquiry Telephone No.: 2878 8222)