10
MONDAY, MAY 4, 1992
IN
MARCH,
OTHER LOANS FOR USE IN HONG KONG INCREASED BY 1.4% FOLLOWING INCREASES OF 1.7% AND 0.2% IN JANUARY AND FEBRUARY RESPECTIVELY. YEAR-ON-YEAR, THESE LOANS INCREASED BY 16.1%.
LOANS FOR USE OUTSIDE HONG KONG DECREASED BY 1.8% IN MARCH, AFTER AN INCREASE OF 1.1% IN JANUARY AND A DECREASE OF 0.5% IN FEBRUARY. YEAR-ON-YEAR, THESE LOANS GREW BY 38.8%.
LOANS TO FINANCE TRADE NOT TOUCHING HONG KONG ROSE BY 10.8% DURING MARCH, AFTER A DECLINE OF 5.7% IN JANUARY AND AN INCREASE OF 2.1% IN FEBRUARY. YEAR-ON-YEAR, THESE LOANS INCREASED BY 63.0%.
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR
DURING THE FIRST QUARTER OF 1992, TOTAL LOANS FOR USE KONG (EXCLUDING THOSE FOR TRADE FINANCING) INCREASED BY 3.4%.
IN HONG
OF THESE, LOANS FOR USE IN MANUFACTURING INCREASED BY 4.5%, FOLLOWING DECREASES OF 0.6% AND 0.05% IN THE THIRD AND THE FOURTH QUARTERS OF 1991 RESPECTIVELY. YEAR-ON-YEAR, THESE LOANS GREW BY 9.9%.
PROPERTY DEVELOPMENT AND
LOANS TO BUILDING, CONSTRUCTION AND INVESTMENT SECTOR ROSE BY 1.5% DURING THE FIRST QUARTER, FOLLOWING INCREASES OF 3.7% AND 3.6% DURING THE PREVIOUS TWO QUARTERS. YEAR-ON-YEAR, THESE LOANS GREW BY 15.8%.
LOANS TO WHOLESALE AND RETAIL TRADE RECORDED A QUARTERLY GROWTH OF 3.8%, COMPARED WITH THE CORRESPONDING GROWTH RATES OF 2.9% AND 1.6% DURING THE PRECEDING TWO QUARTERS. YEAR-ON-YEAR, THESE LOANS INCREASED BY 13.8%.
LOANS TO FINANCIAL CONCERNS (EXCLUDING AUTHORISED INSTITUTIONS) ROSE BY 3.8% THIS QUARTER, FOLLOWING INCREASES OF 3.8% AND 6.3% DURING THE THIRD AND THE FOURTH QUARTERS RESPECTIVELY. YEAR-ON-YEAR, THESE LOANS INCREASED BY 5.9%.
THE RATE OF INCREASE IN LOANS TO INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL PROPERTY (OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) SLOWED DOWN FURTHER TO 3.2% THIS QUARTER, FROM 9.3% AND 5.4% IN THE THIRD AND THE FOURTH QUARTERS RESPECTIVELY. YEAR-ON-YEAR, THESE LOANS GREW BY 29.9%.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING LICENSED BANKS, RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 161, 55 AND 156 RESPECTIVELY.
NOTE TO EDITORS:
1992 AND FIGURES FROM THE IN HONG KONG BY
TABLE 1 SETS OUT SUMMARY FIGURES FOR MARCH COMPARISONS WITH EARLIER MONTHS. TABLE 2 PRESENTS QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE SECTOR.
/TABLE 1 :