XN000022-1989-01-31 — Page 13

12

TUESDAY, JANUARY 31, 1989

FOR

PER

RATES WERE 1988 AS A WHOLE, THEIR CORRESPONDING GROWTH

OF THE BROADEST 20.1

CENT AND 18.9 PER CENT, THIS GROWTH RATE DEFINITION OF HONG KONG DOLLAR MONEY SUPPLY WAS BROADLY IN LINE THE GROWTH IN NOMINAL GROSS DOMESTIC PRODUCT.

TOTAL M1, M2 AND M3 GREW BY 0.4 PER CENT, 0.5 PER CENT AND PER CENT RESPECTIVELY IN DECEMBER. THEIR CORRESPONDING GROWTH IN NOVEMBER WERE 1.8 PER CENT, 4.9 PER CENT AND 5 PER CENT.

DURING 1988, TOTAL M1 GREW BY 8.5 PER CENT, TOTAL M2 PER CENT AND TOTAL M3 BY 20.2 PER CENT.

WITH

0.5

RATES

BY 21.8

LOANS AND ADVANCES

TOTAL

BY BANKS AND LOANS AND ADVANCES EXTENDED OUTSTANDING

DECEMBER, COMPARED DEPOSIT-TAKING COMPANIES GREW BY 1.2 PER CENT IN

NOVEMBER WITH INCREASES OF 3.1 PER CENT AND 3 PER CENT IN OCTOBER AND

RESPECTIVELY.

KONG FOREIGN

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG

IN DENOMINATED DOLLARS GREW BY 1.9 PER CENT, WHILE THOSE CURRENCIES GREW BY 0.7 PER CENT.

2.9 PER LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY

1 PER CENT IN DECEMBER, COMPARED WITH INCREASES OF 3.5 PER CENT AND 1.

THESE LOANS CENT IN OCTOBER AND NOVEMBER RESPECTIVELY. OVER THE YEAR, GREW BY 28.8 PER CENT,

OTHER

AND

PER CENT IN 2.3 LOANS FOR USE IN HONG KONG GREW BY DECEMBER FOLLOWING A GROWTH RATE OF 3.3 PER CENT IN BOTH OCTOBER NOVEMBER. OVER THE YEAR, THESE LOANS GREW BY 29.4 PER CENT.

CENT IN

OCTOBER

LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 1.6 PER DECEMBER, AFTER INCREASES OF 2.8 PER CENT AND 3.3 PER CENT IN AND NOVEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 22.1 PER CENT.

QUARTERLY SECTOR

ANALYSIS OF

LOANS AND ADVANCES FOR USE IN

HONG KONG

BY

LOANS AND ADVANCES

EXTENDED TO IN THE FOURTH QUARTER OF 1988,

AFTER AN INCREASE OF THE MANUFACTURING SECTOR ROSE BY 4.5 PER CENT

GREW 7.9 PER CENT IN THE PREVIOUS QUARTER. OVER THE YEAR, THESE LOANS BY 30.8 PER CENT.

/LOANS TO...