6
WEDNESDAY, AUGUST 3, 1983
IN THE THREE MONTHS TO JUNE, THEY GREW BY 4.4 PER CENT AND OVER THE TWELVE MONTHS BY 23.5 PER CENT.
LOANS TO FINANCE VISIBLE TRADE OF HONG KONG FELL BY 0.2 PER CENT AFTER A RISE OF 4.7 PER CENT IN MAY.
IN THE THREE MONTHS TO JUNE, THEY GREW BY 8.4 PER CENT AND OVER THE TWELVE MONTHS, 13.1 PER CENT.
OTHER LOANS FOR USE IN HONG KONG GREW BY 1.1 PER CENT AFTER A RISE OF 1.2 PER CENT IN MAY, IN THE THREE MONTHS TO JUNE, THEY ROSE BY 2.3 PER CENT AND OVER THE TWELVE MONTHS, BY 18.3 PER CENT.
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG
IN THE SECOND QUARTER OF 1983, LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES TO WHOLESALE AND RETAIL TRADE FELL BY 4.1 PER CENT, REFLECTING PRESUMABLY SLACK CONSUMER DEMAND.
LOANS EXTENDED TO BUILDING, CONSTRUCTION AND PROPERTY DEVELOPMENT ALSO FELL BY 2.1 PER CENT.
LOANS TO PURCHASE FLATS IN THE HOME OWNERSHIP SCHEME AND PRIVATE SECTOR PARTICIPATION SCHEME AS WELL AS TO PURCHASE OTHER RESIDENTIAL PROPERTY, HOWEVER, CONTINUED TO RECORD
A RAPID INCREASE OF 7.4 PER CENT.
LOANS TO THE MANUFACTURING SECTOR RECORDED A MODEST GROWTH OF 1.8 PER CENT.
FOREIGN CURRENCY POSITIONS
THE SPOT FOREIGN CURRENCY ASSETS AND LIABILITIES OF THE MONETARY SECTOR INCREASED FURTHER DURING JUNE.
THE NET POSITION AT THE END OF JUNE WAS A LIABILITY OF $26.8 BILLION, COMPARED WITH $23.7 BILLION AT THE END OF MAY.
BANKS AND DEPOSIT-TAKING COMPANIES HAD NET LIABILITIES OF $18.1 BILLION AND $8.7 BILLION RESPECTIVELY.
STATISTICS COLLECTED (ON THE BASIS OF SLIGHTLY DIFFERENT DEFINITIONS) BY THE COMMISSIONER OF BANKING AND DEPOSIT-TAKING COMPANIES SHOWED THAT AT THE END OF JUNE, THE MONETARY SECTOR HAD NET FORWARD FOREIGN CURRENCY ASSETS AMOUNTING TO $48.9 BILLION, WHICH MORE THAN COVERED THE NET SPOT FOREIGN CURRENCY LIABILITIES OF $27.3 BILLION.
LIQUIDITY RATIOS