*
3
FRIDAY, MAY 4, 1990
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR
IN THE FIRST QUARTER OF 1990, TOTAL LOANS FOR USE IN HONG KONG INCREASED BY 5.8 PER CENT. OF THESE, LOANS FOR USE IN MANUFACTURING ROSE BY 3.9 PER CENT, AFTER A DECLINE OF 2.8 PER CENT IN THE FOURTH QUARTER OF 1989. OVER THE YEAR, THESE LOANS GREW BY 10.4 PER CENT.
LOANS TO FINANCE WHOLESALE AND RETAIL TRADE INCREASED BY 4.3 PER CENT, FOLLOWING A DECREASE OF 0.1 PER CENT IN THE PRECEDING QUARTER. OVER THE YEAR, THESE LOANS RECORDED A ZERO GROWTH. LOANS TO FINANCIAL CONCERNS (OTHER THAN AUTHORISED INSTITUTIONS) ROSE BY 6.3 PER CENT THIS QUARTER, AFTER AN INCREASE OF 13.7 PER CENT IN THE PREVIOUS QUARTER. OVER THE YEAR, THESE LOANS GREW BY 42.0 PER CENT.
LOANS TO INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL PROPERTY (OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) GREW BY 8.0
PER CENT THIS QUARTER, FOLLOWING AN INCREASE OF 10.6 PER CENT IN THE PRECEDING QUARTER. OVER THE YEAR, THESE LOANS GREW BY 30.5 PER CENT.
LOANS TO THE BUILDING, CONSTRUCTION AND PROPERTY DEVELOPMENT SECTOR INCREASED BY 5.0 PER CENT IN THE FIRST QUARTER OF 1990, FOLLOWING A DECLINE OF 0.5 PER CENT IN THE PREVIOUS QUARTER. OVER THE YEAR, THESE LOANS INCREASED BY 20.1 PER CENT.
NUMBER OF REPORTING INSTITUTIONS
•
THE NUMBERS OF REPORTING LICENSED BANKS AND RESTRICTED LICENCE BANKS REMAINED UNCHANGED AT 165 AND 37 RESPECTIVELY WHILE THAT OF DEPOSIT-TAKING COMPANIES DECREASED BY THREE TO 196.
NOTES:
(1) BEFORE FEBRUARY 1, 1990, "RESTRICTED LICENCE BANKS AND "DEPOSIT-TAKING COMPANIES" WERE KNOWN AS "LICENSED DEPOSIT-TAKING COMPANIES' AND 'REGISTERED DEPOSIT-TAKING COMPANIES" RESPECTIVELY.
(2)
I
"I
IN THE TEXT ABOVE; TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS, HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS. ON THE OTHER HAND, TOTAL FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.
"SWAP DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING FOREIGN CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND PLACING THEM AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE AT THESAME TIME ENTERING INTO A CONTRACT TO SELL SUCH FOREIGN CURRENCIES INTEREST) FORWARD IN LINE WITH THE DEPOSITS. FOR MOST ANALYTICAL PURPOSES, REGARDED AS HONG KONG DOLLAR DEPOSITS.
(PRINCIPAL PLUS MATURITY OF SUCH THEY SHOULD BE
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