XN000022-1980-08-02 — Page 3

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SATURDAY, AUGUST 2, 1980

BANK LOANS IN HONG KONG INCREASED BY 5.2 PER CENT IN JUNE, FOLLOWING A FALL OF 2.9 PER CENT IN MAY. LOANS IN HONG KONG BY DEPOSIT-TAKING COMPANIES ROSE BY 6.1 PER CENT, MUCH LESS THAN THE RISE OF 23.4 PER CENT IN MAY.

FOREIGN ASSETS

THE NET IDENTIFIABLE FOREIGN ASSETS OF ALL BANKS ROSE IN JUNE BY $663 MILLION AND OF DTC'S BY $463 MILLION, INDICATING AN INFLOW OF FUNDS INTO THE HONG KONG MONETARY SECTOR OF $1 126 MILLION (BANKS AND DTC'S MADE NET PURCHASES OF FOREIGN ASSETS FROM NON-BANK CUSTOMERS OF $1 126 MILLION), WHICH WAS SLIGHTLY LESS THAN THE INFLOW OF $1 398 MILLION IN THE PREVIOUS MONTH. THE NET INFLOW OF FUNDS INTO HONG KONG IN THE SECOND QUARTER OF 1980 AMOUNTED TO $146 MILLION (THERE HAVING BEEN A LARGE OUTFLOW IN APRIL), AS COMPARED WITH A NET INFLOW OF $211 MILLION IN THE PREVIOUS QUARTER.

BALANCE SHEET RATIOS

THE AVERAGE LIQUIDITY RATIO FOR ALL BANKS IN HONG KONG ROSE IN JUNE TO 49.4 PER CENT FROM 48.7 PER CENT IN MAY. THE LOAN/DEPOSIT RATIO, HOWEVER, FELL FURTHER TO 91.1 PER CENT AT THE END OF JUNE, FROM 95.3 PER CENT AT THE END OF MAY, REFLECTING THE RISE IN DEPOSITS WITH LICENSED BANKS IN THE MONTH.

THE AVERAGE LIQUIDITY RATIO FOR ALL DTC'S ROSE IN JUNE TO 44.2 PER CENT FROM 43.4 PER CENT IN MAY. THE LOAN/DEPOSIT RATIO AT THE END OF JUNE ROSE TO 75.1 PER CENT FROM 70.1 PER CENT IN MAY, REFLECTING THE REDUCTION IN DEPOSITS WITH DTC'S

IN JUNE

QUARTERLY ANALYSIS OF LENDING IN HONG KONG BY SECTOR

IN THE SECOND QUARTER OF 1980, LOANS TO THE MANUFACTURING SECTOR ROSE BY 9.2 PER CENT, FOLLOWING A 16.5 PER CENT RISE IN THE PREVIOUS QUARTER, WHILE LOANS TO THE BUILDING AND CONSTRUCTION SECTOR INCREASED BY 3.7 PER CENT, WELL DOWN FROM A 17,9 PER CENT RISE IN THE FIRST QUARTER. LOANS TO THE TRANSPORT AND TRANSPORT EQUIPMENT SECTOR GREW BY 32.3 PER CENT IN THE SECOND QUARTER.

BORROWING BY INDIVIDUALS TO PURCHASE RESIDENTIAL PROPERTY FELL BY 1.9 PER CENT IN THE SECOND QUARTER, FOLLOWING AN INCREASE OF 7.9 PER CENT IN THE PREVIOUS QUARTER. BORROWING BY INDIVIDUALS FOR OTHER PURPOSES (INCLUDING STOCK MARKET INVESTMENT) ROSE BY 16.6 PER CENT IN THE SECOND QUARTER, DOWN FROM A 36.2 PER CENT RISE IN THE PREVIOUS QUARTER.

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