MONEY SUPPLY
MONDAY, NOVEMBER 5, 1990
2
HK$M1 ROSE BY 1.1 PER CENT WHILE HK$M2 AND HK$M3 FELL BY 0.3 PER CENT AND 0.2 PER CENT RESPECTIVELY IN SEPTEMBER. THEIR CORRESPONDING GROWTH RATES IN AUGUST WERE 1.8 PER CENT, 3.3 PER CENT AND 3 PER CENT. FOR THE 12 MONTHS ENDING SEPTEMBER, THESE MONETARY AGGREGATES ROSE BY 2.5 PER CENT, 18.9 PER CENT AND 17.5 PER CENT RESPECTIVELY.
TOTAL M1, M2 AND M3 ROSE BY 3.7 PER CENT, 1.6 PER CENT AND 1.7 PER CENT RESPECTIVELY IN SEPTEMBER. THEIR CORRESPONDING GROWTH RATES IN AUGUST WERE 2.7 PER CENT, 3.2 PER CENT AND 3.3 PER CENT, OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 8.6 PER CENT, 25.2 PER CENT AND 24.6 PER CENT RESPECTIVELY.
LOANS AND ADVANCES
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 4 PER CENT IN SEPTEMBER, FOLLOWING INCREASES OF 0.7 PER CENT AND 6.7 PER CENT IN JULY AND AUGUST RESPECTIVELY. OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 0.4 PER CENT DURING SEPTEMBER, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES ROSE BY 6.1 PER CENT.
LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY 4 PER CENT IN SEPTEMBER, FOLLOWING INCREASES OF 0.5 0.9 PER CENT IN JULY AND AUGUST RESPECTIVELY. OVER THE LOANS GREW BY 9 PER CENT.
SUBSTANTIALLY PER CENT AND YEAR, THESE
OTHER LOANS FOR USE IN HONG KONG GREW BY 0.1 PER CENT IN SEPTEMBER COMPARED WITH INCREASES OF 0.6 PER CENT AND 1.5 PER CENT IN JULY AND AUGUST RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 17.4 PER CENT.
LARGELY REFLECTING THE INCREASE IN EURO-YEN LOANS, LOANS FOR USE OUTSIDE HONG KONG ROSE BY 8.3 PER CENT IN SEPTEMBER, FOLLOWING INCREASES OF 0.6 PER CENT AND 13.1 PER CENT IN JULY AND AUGUST RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 61.3 PER CENT.
LOANS ΤΟ FINANCE MERCHANDISING TRADE NOT TOUCHING HONG KONG FELL BY 6.1 PER CENT IN SEPTEMBER, AFTER A DECLINE OF 5.1 PER CENT IN JULY AND AN INCREASE OF 14.9 PER CENT IN AUGUST. OVER THE YEAR, THESE LOANS DECREASED BY 5.9 PER CENT,
QUARTERLY ANALYSIS OF LOANS AND ADVANCESFOR USE IN HONG KONG BY SECTOR
IN THE THIRD QUARTER OF 1990, TOTAL LOANS FOR USE IN HONG KONG INCREASED BY 2.3 PER CENT. OF THESE, LOANS ΤΟ THE BUILDING, CONSTRUCTION AND PROPERTY DEVELOPMENT SECTOR INCREASED BY 2.9 PER CENT, FOLLOWING INCREASES OF 5 PER CENT AND 1 PER CENT IN THE PREVIOUS TWO QUARTERS. OVER THE YEAR, THESE LOANS INCREASED BY 8.6 PER CENT.
/LOANS TO