FRIDAY, OCTOBER 3, 1980
AUGUST MONEY SUPPLY AND FINANCIAL STATISTICS
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THE MONETARY AND FINANCIAL STATISTICS FOR AUGUST 1980, PUBLISHED TODAY, SHOW A CONTINUED GROWTH IN THE MONEY SUPPLY ON ALL DEFINITIONS, AND ALSO IN TOTAL CREDIT TO THE ECONOMY.
THERE WAS A MARKED SHIFT IN NEW LENDING IN AUGUST FROM DEPOSIT-TAKING COMPANIES TO BANKS, PARTLY REFLECTING INTEREST RATE MOVEMENTS DURING THE MONTH.
DETAILED FIGURES AND COMPARISONS WITH EARLIER MONTHS ARE SET OUT IN THE FOLLOWING TABLE:
MONEY AND BANKING FIGURES
END OF AUGUST 1980
(IN HK$MILLION)
FIGURES FOR EARLIER MONTHS
(% CHANGE)
MAY 1980
AUGUST
1979
AUGUST 1980
JULY 1980
MI
24 074
23 345 (+3.1%)
M2
93 004
90 622 (+2.6%)
M3
124 207
120 481 (+3.1%)
20 950 (+14.9%)
80 921 (+14.9%)
111 882 (+11.0%)
18 449 (+30.5%)*
68 050 (+36.7%) *
88 464 (+40.4%)*
BANKS
DEPOSITS
85 016
82 847 (+2.6%)
LOANS AND ADVANCES
IN HK
76 764
73 722 (+4.1%)
73 367 (+15.9%)
69 916 (+9.8%)
61 352 (+38.6%)*
55 118 +39.3%)*
LOAN/DEPOSIT RATIO
90.3%
89.0%
95.3%
89.8%
AVERAGE LIQUIDITY
RATIO
48.6%
49.3%
48.7%
48.7%
DEPOSIT-TAKING COMPANIES
DEPOSITS
31 203
29 859 (+4.5%)
LOANS AND ADVANCES
24 784
IN HK
23 987 (+3.3%)
30 961 (+0.8%)
21 691
(+14.3%)
20 414 (+52.9%)
11 515 (+115.2%)
/MA/PERC