MONDAY, MAY 6, 1991
6
AND
COMPARED WITH A YEAR EARLIER, DEPOSITS WITH LICENSED BANKS RESTRICTED LICENCE BANKS INCREASED BY 20.2% AND 6.7% RESPECTIVELY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY 8.3%.
MONEY SUPPLY
HK$M1, HK$M2 AND HK$M3 DECREASED BY 6.0%, 1.2% AND 1.1% RESPECTIVELY IN MARCH. THEIR CORRESPONDING GROWTH RATES IN FEBRUARY WERE 3.2%, 0.4% AND 0.05%.
OVER THE YEAR, THESE MONETARY AGGREGATES ROSE BY 13.6%, 15.7% AND 14.3% RESPECTIVELY.
TOTAL M1 FELL BY 7.7% WHILE TOTAL M2 AND M3 ROSE BY 0.1% AND 0.3% RESPECTIVELY IN MARCH. THEIR CORRESPONDING GROWTH RATES IN FEBRUARY WERE 5.4%, 0.1% AND -0.2%.
OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 16.5%, 19.8% AND 18.5% RESPECTIVELY.
LOANS AND ADVANCES
TOTAL
OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS DECREASED BY 1.2% IN MARCH, FOLLOWING INCREASES OF 3.0% AND 0.9% IN JANUARY AND FEBRUARY RESPECTIVELY.
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 2.5% DURING MARCH, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES FELL BY 3.0%. OVER THE YEAR, THESE LOANS GREW BY 14.8% AND 52.2% RESPECTIVELY.
LOANS ΤΟ FINANCE VISIBLE TRADE OF HONG KONG GREW BY 1.2% IN FOLLOWING INCREASES OF 3.1% AND 0.4% IN JANUARY AND FEBRUARY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 17.0%.
MARCH,
OTHER LOANS FOR USE IN HONG KONG CREW BY 2.9% IN MARCH FOLLOWING INCREASES OF 1.3% AND 1.2% RESPECTIVELY IN THE PRECEDING TWO MONTHS. OVER THE YEAR, THESE LOANS GREW BY 17.6%.
LOANS FOR USE OUTSIDE HONG KONG FELL BY 2.3% IN MARCH, AFTER INCREASES OF 4.6% AND 2.1% IN JANUARY AND FEBRUARY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 63.8%.
LOANS TO FINANCE MERCHANDISING TRADE NOT TOUCHING HONG KONG FELL BY 4.8% IN MARCH, AFTER DECLINES OF 3.9% AND 8.1% RESPECTIVELY IN THE PRECEDING TWO MONTHS. OVER THE YEAR, THESE LOANS FELL BY 10.8%, ITS ABSOLUTE AMOUNT WAS INSIGNIFICANT IN COMPARISON TO OTHER CATEGORIES OF LOANS,
BUT
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR
USE IN HONG KONG BY SECTOR
IN THE FIRST QUARTER OF 1991, TOTAL LOANS FOR USE IN HONG KONG, EXCLUDING THOSE FOR TRADE FINANCING, INCREASED BY 5.5%.
/OF THESE