MONDAY, NOVEMBER 5, 1990
3
LOANS TO INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL PROPERTY (OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) GREW BY 5.3 PER CENT, AFTER INCREASES OF 8 PER CENT AND 5.9 PER CENT IN THE PRECEDING TWO QUARTERS RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 33.2 PER CENT.
LOANS TO FINANCE WHOLESALE AND RETAIL TRADE INCREASED BY 1 4 PER CENT, AFTER INCREASES OF 4.3 PER CENT AND 6.6 PER CENT RECORDED IN THE FIRST AND SECOND QUARTERS RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 12.6 PER CENT.
LOANS ΤΟ FINANCIAL CONCERNS (OTHER THAN
INSTITUTIONS)
AUTHORISED
ROSE BY 5.5 PER CENT, FOLLOWING INCREASES OF 6.3 PER CENT AND 3.7 PER CENT IN THE PREVIOUS TWO QUARTERS. OVER THE YEAR, THESE LOANS GREW BY 32.1 PER CENT.
LOANS FOR USE IN MANUFACTURING FELL BY 0.3 PER CENT, FOLLOWING INCREASES OF 3.9 PER CENT AND 2.8 PER CENT IN THE PRECEDING TWO QUARTERS. OVER THE YEAR, THESE LOANS GREW BY 3.5 PER CENT.
NUMBER OF REPORTING INSTITUTIONS
WHILE
THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY ONE TO 165 THAT OF RESTRICTED LICENCE BANKS REMAINED AT 39 AND THAT OF DEPOSIT-TAKING COMPANIES DECREASED BY ONE TO 193.
NOTES :
(1)
BEFORE
(2)
FEBRUARY 1, 1990, RESTRICTED
1
LICENCE BANKS' AND 'DEPOSIT-TAKING COMPANIES' WERE KNOWN AS LICENSED DEPOSIT TAKING COMPANIES' AND 'REGISTERED DEPOSIT-TAKING COMPANIES'
RESPECTIVELY.
IN
THE TEXT ABOVE, TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS, HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS.
TOTAL FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.
FOREIGN
'SWAP DEPOSITS' ARE DEPOSITS INVOLVING CUSTOMERS BUYING CURRENCIES (MOSTLY US DOLLARS) IN THE SPOT MARKET AND PLACING THEM AS DEPOSITS WITH AUTHORIZED INSTITUTIONS, WHILE AT THE SAME TIME ENTERING INTO A CONTRACT TO SELL SUCH FOREIGN CURRENCIES (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH THE MATURITY SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, THEY SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.
OF
/TABLE 1