WEDNESDAY, DECEMBER 30, 1992
5
MONETARY STATISTICS FOR NOVEMBER
*
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED SUBSTANTIALLY DURING NOVEMBER, ACCORDING TO STATISTICS PUBLISHED TODAY (WEDNESDAY) BY THE MONETARY AFFAIRS BRANCH.
THIS IS MAINLY DUE TO THE HIGH BASE OF COMPARISON AND THE REFUNDING OF SHARES SUBSCRIPTION
CONSISTENT WITH THIS, SUPPLY, M3 FELL IN NOVEMBER. ALSO DECREASED DURING THE MONTH.
MONJES.
IN OCTOBER
THE BROADEST HONG KONG DOLLAR MONEY HONG KONG DOLLAR LOANS AND ADVANCES
DEPOSITS
INFLUENCED BY THE HIGH COMPARISON BASE IN OCTOBER DUE TO A NUMBER OF SHARE FLOTATION EXERCISES, HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, FELL SHARPLY BY 16.8% IN NOVEMBER FOLLOWING INCREASES OF 2.8% AND 19.1% IN SEPTEMBER AND OCTOBER RESPECTIVELY.
MAINLY DUE TO THE REFUNDING OF SHARES SUBSCRIPTION MONIES OF THE CHINA TRAVEL INTERNATIONAL INVESTMENT LTD, DEMAND DEPOSITS AND TIME DEPOSITS DECREASED BY 52.9% AND 10.6% RESPECTIVELY WHILE SAVING DEPOSITS INCREASED BY 0.1%.
YEAR-ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 12.8%.
POREIGN CURRENCY DEPOSITS WITH AUTHORISED
INSTITUTIONS
DECREASED BY 0.5% IN NOVEMBER, AFTER INCREASES OF 1.5% AND 1.0% IN SEPTEMBER ANT) OCTOBER RESPECTIVELY.
OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS INCREASED BY 0.7% WHILE NON-U.S. DOLLAR DEPOSITS DECREASED BY 1.6%. YEAR-ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 8.9%.
DURING NOVEMBER, DEPOSITS IN ALL CURRENCIES WITH LICENSED BANKS AND DEPOSIT-TAKING COMPANIES FELL BY 9.1% AND 0.8% RESPECTIVELY WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS ROSE BY 6.9%.
YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 12.0% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DROLINED BY 1
11.0% AND 21.8% RESPECTIVELY.
MONEY SUPPLY
HK$M1, HK$M2 AND HK$M3 DECREASED BY 41.6%, 16.1% AND 15.7% IN NOVEMBER, COMPARED WITH INCREASES OF 54.2%, 18.3% AND 17.6% IN OCTOBER.
YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 22.8%, 14.1% AND 13.1% RESPECTIVELY.
/TOTAL MI