XN000022-1989-01-31 — Page 16

TUESDAY, JANUARY 31, 1989

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TABLE 2 : QUARTERLY ANALYSIS OF LOANS FOR USE IN HONG KONG BY SECTOR

DECEMBER 1983

Dec 1988

Earlier quarters

(* change to December 1998)

(HK$mn)

Sep 1988

Jun 1988

Dec 1987

Manufacturing

Transport and transport

equipment

39.011

23.380

37,324 (

23,140 (

4.5 X)

1.0 %)

34.591 ( 12.8 X)

22.472 ( 4.0 %)

29.833 ( 30.8 %)

19.598 ( 19.3 %)

Building, construction,

58,864

44.697 ( 31.7 %)

42.934 ( 37.1 %)

39,512 ( 49.0 %)

property development

and investment +

Wholesale and retail trade

59.744

Financial concerns *

53,040

51.579 ( 15.8 X)

46.370 ( 14.4 %)

50.125 ( 19.2 %)

41.436 28.0 %

43.404 ( 37.6 %)

34,445 ( 54.0 %)

Individuals:

to purchase flats in the Home Ownership Scheme and Private Sector Participation Scheme

to purchase other residential property

8.656

8.147 (

6.2 %)

7,569 ( 14.4 %)

7.497 (15.5 %)

77.359

71.710 (

7.9 %)

67.461 ( 14.7 %)

57,915 ( 33.6

3)

other purposes

48.050

Others

Total

88.383

456.487

52,100 ( 7.8 %)

82,955 ( 6.5 %)

418.022 ( 9.2 %)

48,750 ( 1.4 X)

81.556 ( 8.4 %)

396.895 ( 15.0 %)

-

9.2 %) 44,019 (

76,464 (15.8 %)

352.635 ( 29.4 %)

# Starting from December 1988. more detailed statistics on loans to the transport sector,

to building, construction, property development and investment and to financial concerns are available. They will be published in the Honthly Digest of Statistics from the January 1989 issue onwards.

+ A considerable proportion of the increase during the fourth quarter of 1988 was due to the rectification of a classification error by some authorized institutions, so that the loans are now more properly classified according to their intended usage rather than the businesses of the loan recipients

This excludes funds advanced te banks and deposit-taking companies

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