WEDNESDAY, NOVEMBER 1, 1989
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TABLE 2: QUARTERLY ANALYSIS OF LOANS FOR USE IN HONG KONG BY SECTOR - SEPTEMBER 1989
Sep 1989
Farlier quarters
( change to September 1989)
(HK$m)
Jun 1989
Mar 1989
Sep 1988
Manufacturing
47,618
47,291 (0.7%)
43.529 (9.4 %)
Transport and transport
33,435
27,043 (23.6 %)
26,608 (25.7 %)
37,32427.6%)
23,140 (44.5 %)
equipment
Building, construction,
96,772
91,518 ( 5.7 %)
84,243 14.9 %)
44.697 (116.5 %)
property development
and investment
Wholesale and retail trade
62.729
65,874 (-4.8%)
Financial concerns
*
74,919
67,625(10.8 %)
65.390 (-1.1 *})
63,740 (17.5 %)
51,5791.6 %)
46,370 (61.6 %)
Individuals:
to purchase flats in the Home Onership Scheme and Private
9,880
9,209 ( 7.3%)
8,887 11.2 %)
8,147 (21.3 %)
Sector Participation Scheme
to purchase other residential property
89,957
85,635 ( 5.0 %)
82,327 ( 9.3 %)
71,710 (25.4 %)
other purposes
52,756
53,420 -1.2 %)
50.920 3.6 %)
52,100 ( 1.3 %)
Others
93,414
87,608 ( 6.6 %)
83,103 ( 12.4 %)
82.955 ( 12.6 %)
Total
561,481
535,224 (4.9 %)
508,748 ( 10.4 %)
418,023 (34.3 %)
# 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.
+ In December 1988, the return for reporting loans for use by sector was revised. As a result of this, some authorized 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 funds advanced to banks and deposit-taking companies
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