7
DOLLARS IN
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG
GREW BY 1.4 PER CENT DURING OCTOBER, WHILE THOSE FOREIGN CURRENCIES ROSE BY 5.8 PER CENT. LOANS GREW BY 16.3 PER CENT AND 71.4 PER CENT RESPECTIVELY.
KONG
OVER
THE
YEAR,
DENOMINATED THËSE
LOANS TO FINANCE VISIBLE TRADE OF HONG KONG DECLINED BY 0.5 PER CENT CENT IN OCTOBER, FOLLOWING INCREASES OF 0.9 PER CENT AND 4.0 PER IN AUGUST AND SEPTEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 9.3 PER CENT.
OTHER
LOANS
PER
FOR
2.1 USE IN HONG KONG GREW BY
CENT IN CENT IN OCTOBER COMPARED WITH INCREASES OF 1.5 PER CENT AND 0.1 PER AUGUST AND SEPTEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY
19.1 PER CENT.
USE OUTSIDE
5.0 HONG KONG ROSE BY
PER LOANS FOR
CENT IN PER CENT IN OCTOBER, FOLLOWING INCREASES OF 13.1 PER CENT AND 8.3 AUGUST AND SEPTEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW 86.9 PER CENT.
BY
HONG KONG
LOANS ΤΟ FINANCE MERCHANDISING TRADE NOT TOUCHING ROSE BY 7.2 PER CENT IN OCTOBER, AFTER AN INCREASE OF 14.9 PER CENT IN OVER THE YBAR, AUGUST AND A DECLINE OF 6.1 PER CENT IN SEPTEMBER. THESE LOANS INCREASED BY 0.5 PER CENT.
NUMBER OF REPORTING INSTITUTIONS
UNCHANGED
AT
AND
THE NUMBER OF REPORTING LICENSED BANKS REMAINED 165 WHILE THAT OF RESTRICTED LICENCE BANKS INCREASED BY ONE TO 40 THAT OF DEPOSIT-TAKING COMPANIES DECREASED BY TWO TO 191.
NOTES:
(1)
"DEPOSIT-TAKING
BEFORE FEBRUARY 1, 1990,
COMPANIES"
TAKING
COMPANIES"
"LICENSED DEPOSIT- AND "REGISTERED DEPOSIT-TAKING COMPANIES"
BANKS" LICENCE "RESTRICTED
AS WERE KNOWN
AND
RESPECTIVELY.
(2)
IN
THE TEXT ABOVE, TOTAL HK$ HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP
DEPOSITS AND US$ TOTAL FOREIGN CURRENCY
DEPOSITS,
HK$ TIME
DEPOSITS, DEPOSITS. DEPOSITS HAVE BEEN
ADJUSTED TO EXCLUDE SWAP DEPOSITS.
FOREIGN
"SWAP DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND PLACING THEM AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE AT THE SAME FOREIGN CURRENCIES TIME ENTERING INTO A CONTRACT TO SELL SUCH-
OF
SHOULD BE
(PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH THE MATURITY SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, THEY REGARDED AS HONG KONG DOLLAR DEPOSITS.
/TABLE 1