LT
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FRIDAY, JULY 29, 1994
DURING THE SECOND QUARTER OF 1994, TOTAL LOANS FOR USE IN KONG (EXCLUDING THOSE FOR TRADE FINANCING) INCREASED BY 4.7%.
HONG
OF THESE, LOANS TO INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL PROPERTY (OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) GREW BY 5.0%.
THE STRONG INCREASE WAS IN PART REFLECTING THE BUOYANT PROPERTY
IN MARKET
THE EARLY 1994 SINCE LOANS APPROVED BUT NOT YET DRAWN IN FIRST QUARTER WERE CARRIED FORWARD TO THE SECOND QUARTER.
AS THE PROPERTY MARKET COOLED DOWN IN THE SECOND QUARTER, LOANS ARE LIKELY TO HAVE LITTLE GROWTH IN THE THIRD QUARTER.
THE
THESE
OUTSTANDING LOANS FOR ALL MAJOR ECONOMIC SECTORS RECORDED STEADY GROWTH IN THE SECOND QUARTER.
LARGEST INCREASE WAS FOUND IN MANUFACTURING (+8.7%), FOLLOWED BY BUILDING CONSTRUCTION, PROPERTY DEVELOPMENT AND INVESTMENT (+5.3%), TRANSPORT (5.2%), WHOLESALE AND RETAIL TRADE (+4.9%) AND FINANCIAL CONCERNS (+2.6%).
THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY ONE TO 173. THE NUMBER OF RESTRICTED LICENCE BANKS ROSE BY THREE TO 59 WHILE THAT OF DEPOSIT-TAKING COMPANIES FELL BY ONE TO 138.
ENQUIRIES ON THE MONETARY STATISTICS FOR JUNE DIRECTED TO THE PRESS AND PUBLICATIONS SECTION, HONG AUTHORITY, ON TEL 878 1687.
1994 KONG
MAY MONETARY
BE
/TABLE 1