2
THURSDAY, JULY 5, 1990
TOTAL M1 DECREASED BY 1.7 PER CENT WHILE TOTAL M2 AND M3 BOTH ROSE BY 1.5 PER CENT DURING MAY. THEIR CORRESPONDING GROWTH RATES
IN APRIL WERE 2.1 PER CENT, 0.8 PER CENT AND 0.9 PER CENT.
OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 6.0 PER CENT, 17.9 PER CENT AND 17.1 PER CENT RESPECTIVELY.
LOANS AND ADVANCES
OF
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 6.8 PER CENT IN MAY, FOLLOWING A DECLINE 0.5 PER CENT IN MARCH AND AN INCREASE OF 0.5 PER CENT IN APRIL.
KONG
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG DOLLARS GREW BY 1.3 PER CENT DURING MAY. FOREIGN CURRENCY DENOMINATED LOANS GREW BY 10.7 PER CENT, LARGELY ATTRIBUTABLE TO AN INCREASE EURO-YEN LOANS.
IN
LOANS то FINANCE VISIBLE TRADE OF HONG KONG ROSE BY 1.2 PER CENT IN MAY, FOLLOWING A DECLINE OF 0.6 PER CENT IN MARCH AND AN INCREASE OF 1.1 PER CENT IN APRIL. OVER THE YEAR, THESE LOANS GREW BY 4.1 PER CENT.
OTHER LOANS FOR USE IN HONG KONG GREW BY 0.9 PER CENT IN MAY COMPARED WITH INCREASES OF 1.9 PER CENT AND 1.8 PER CENT IN MARCH AND APRIL RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 18.9 PER CENT.
LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 13.6 PER CENT IN MAY, FOLLOWING DECLINES OF 1.3 PER CENT AND 0.7 PER CENT IN MARCH AND APRIL RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 69.6 PER CENT,
LOANS то FINANCE MERCHANDISING TRADE NOT TOUCHING HONG KONG FELL BY 3.1 PER CENT IN MAY, AFTER INCREASES OF 11.7 PER CENT AND 9.9 PER CENT IN MARCH AND APRIL RESPECTIVELY. OVER THE YEAR, THESE LOANS INCREASED BY 3.6 PER CENT.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBERS OF REPORTING LICENSED BANKS AND RESTRICTED LICENCE BANKS BOTH INCREASED BY ONE TO 165 AND 38 RESPECTIVELY. THE NUMBER OF DEPOSIT-TAKING COMPANIES DECREASED BY ONE TO 196.
NOTES:
(1)
11
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) IN THE