2
TUESDAY, DECEMBER 3, 1991
TOTAL M1 DECREASED BY 1.3% WHILE M2 AND M3 INCREASED BY 1.3% AND 1.1% RESPECTIVELY IN OCTOBER. THEIR CORRESPONDING GROWTH RATES IN SEPTEMBER WERE 7.1%, 1.3% AND 1.4%.
OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 19.4%, 11.5% AND 10.2% RESPECTIVELY.
LOANS AND ADVANCES
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 3.6% IN OCTOBER, AFTER INCREASES OF 2.4% AND 1.9% IN AUGUST AND SEPTEMBER RESPECTIVELY.
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLAR AND THOSE DENOMINATED IN FOREIGN CURRENCY GREW BY 0.9% AND 4.9% RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 18.0% AND 23.6% RESPECTIVELY.
LOANS TO FINANCE EXTERNAL TRADE OF HONG KONG INCREASED BY 0.6% IN OCTOBER, FOLLOWING AN INCREASE OF 1.3% IN AUGUST AND A DECREASE OF 0.8% IN SEPTEMBER. OVER THE YEAR, THESE LOANS GREW BY 18.5%.
OTHER LOANS FOR USE IN HONG KONG GREW BY 0.7% IN OCTOBER, FOLLOWING INCREASES OF 1.3% AND 1.9% RESPECTIVELY IN THE PREVIOUS TWO MONTHS. OVER THE YEAR, THESE LOANS GREW BY 17.1%.
LOANS FOR USE OUTSIDE HONG KONG ROSE BY 5.9% IN OCTOBER, AFTER INCREASES OF 3.4% AND 2.2% IN AUGUST AND SEPTEMBER RESPECTIVELY. THE YEAR, THESE LOANS GREW BY 39.0%.
NUMBER OF REPORTING INSTITUTIONS
OVER
THE NUMBER OF REPORTING LICENSED BANKS AND DEPOSIT-TAKING COMPANIES DECREASED BY ONE AND TWO TO 161 AND 160 RESPECTIVELY. THE NUMBER OF REPORTING RESTRICTED LICENCE BANKS REMAINED UNCHANGED AT 50.
/TABLE 1: