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WEDNESDAY, APRIL 29, 1987
HONG KONG DOLLAR MONEY SUPPLY
HONG KONG DOLLAR MONEY SUPPLY M1 FELL BY 0.5 PER CENT IN MARCH AS CASH HELD BY THE PUBLIC DECREASED BY 2.8 PER CENT. HK$M2 AND HK$M3 HOWEVER GREW MORE RAPIDLY THAN IN FEBRUARY, BY 2.3 PER CENT AND 2.0 PER CENT RESPECTIVELY. OVER THE YEAR, HK$M1 GREW BY 29.5 PER CENT, HK$M2 BY 28.5 PER CENT AND HK$M3 BY 20.3 PER CENT.
TOTAL MONEY SUPPLY
TOTAL MONEY SUPPLY M1 FELL BY 0.2 PER CENT IN MARCH, AFTER HAVING DECREASED BY 5.3 PER CENT IN FEBRUARY. TOTAL M2 AND TOTAL M3 GREW BY 2.8 PER CENT AND 2.4 PER CENT RESPECTIVELY. OVER THE YEAR. TOTAL M1 INCREASED BY 29.5 PER CENT WHILE TOTAL M2 AND TOTAL M3 INCREASED BY 35.8 PER CENT AND 28.5 PER CENT RESPECTIVELY.
LOANS AND ADVANCES
TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES INCREASED AT A FASTER PACE IN MARCH, BY 4.1 PER CENT OVER THE YEAR, AFTER AN INCREASE OF 1.3 PER CENT IN FEBRUARY. THEY GREW BY 18.7 PER CENT.
LOANS DENOMINATED IN HONG KONG DOLLARS GREW BY 1.9 PER CENT IN MARCH WHILE LOANS DENOMINATED IN FOREIGN CURRENCIES BY 6.3 PER CENT. OVER THE YEAR, THE FORMER GREW BY 18.3 PER CENT WHILE THE LATTER BY 19.2 PER CENT.
WITHIN THE TOTAL, LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG INCREASE BY 8.6 PER CENT AFTER A FALL OF 1.3 PER CENT IN FEBRUARY, OVER THE YEAR THEY GREW BY 23.4 PER CENT. OTHER LOANS FOR USE IN HONG KONG INCREASED BY 2.8 PER CENT IN MARCH AFTER AN INCREASE OF 2.4 PER CENT IN FEBRUARY OVER THE YEAR, THEY GREW BY 21.8 PER CENT.
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG
BY SECTOR
IN THE FIRST QUARTER OF 1987, LOANS AND ADVANCES EXTENDED TO THE MANUFACTURING SECTOR ROSE BY 4.3 PER CENT AFTER AN INCREASE
OVER THE YEAR, OF 5.8 PER CENT IN THE FOURTH QUARTER OF 1986. THESE LOANS GREW BY 23.8 PER CENT.
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