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TABLE 2 : QUARTERLY ANALYSIS OF LOANS FOR USE IN HONG KONG BY SECTOR
Mar 1989
-
MONDAY, MAY 1, 1989
MARCH 1989
Earlier quarters
(* change to March 1989)
(HK$mn)
Dec 1988
Sep 1988
Mar 1988
+
Manufacturing
43,529
39,011 ( 11.6 %)
Transport and transport
equipment
26,608
23,380 13.8 %)
37,324 (16.6 %)
23,140 (15.0 %)
31,795 (36.9 %)
20.156 ( 32.0 %)
Building, construction.
84,243
58,864 (43.1 %)
44.697 ( 88.5 %)
41,187 (104.5 %)
property development and investment
Wholesale and retail trade
65,390
Financial concerns *
63,740
59.744 ( 9.5 %)
53,040 (20.2 %)
51,579 (26.8 X)
46,970 ( 37.5 %)
44,212 (47.9 %)
38,554 ( 74.4 %)
Individuals:
to purchase flats in the Home Ownership Scheme and Private Sector Participation Scheme
to purchase other residential property
8,887
8,656 (
2.7 %)
8,147 (
9.1 %)
7.498 (18.5 %)
82,327
77.959 (
6.4 %)
71,710 ( 14.8
%)
61,772 (33.3 %)
other purposes
Others
50.920
Total
83,103
508,748
48,050 ( 6.0 %)
88,383 (-6.0 %)
466,487 ( 11.4 X)
52,100 (−2.3 X)
0.2 %) 82.955 (
418,022 ( 21.7 X)
45.263 ( 12.5 %)
76,072 ( 9.2 X)
364,510 ( 39.6 %)
#Starting from December 1988, more detailed statistics on loans to the transport sector,
to building, construction, property development and investment and to financial concerns are available. They will be published in the Monthly Digest of Statistics from the January 1989 issue onwards.
As a result of this, + In December 1988, the return for reporting loans for use by sector was revised.
some authorised institutions have now more properly classified their loans according to intended usage rather than the business of the loan. recipients. This reclassification is an important reason accounting for the significant increase in loans to certain sectors, for example, the building, construction and property development sector and financial concerns.'
• This excludes funda advanced to banks and deposit-taking companies
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