XN000022-1989-05-01 — Page 7

6

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

Mar 1989

-

MONDAY, MAY 1, 1989

MARCH 1989

Earlier quarters

(* change to March 1989)

(HK$mn)

Dec 1988

Sep 1988

Mar 1988

+

Manufacturing

43,529

39,011 ( 11.6 %)

Transport and transport

equipment

26,608

23,380 13.8 %)

37,324 (16.6 %)

23,140 (15.0 %)

31,795 (36.9 %)

20.156 ( 32.0 %)

Building, construction.

84,243

58,864 (43.1 %)

44.697 ( 88.5 %)

41,187 (104.5 %)

property development and investment

Wholesale and retail trade

65,390

Financial concerns *

63,740

59.744 ( 9.5 %)

53,040 (20.2 %)

51,579 (26.8 X)

46,970 ( 37.5 %)

44,212 (47.9 %)

38,554 ( 74.4 %)

Individuals:

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

to purchase other residential property

8,887

8,656 (

2.7 %)

8,147 (

9.1 %)

7.498 (18.5 %)

82,327

77.959 (

6.4 %)

71,710 ( 14.8

%)

61,772 (33.3 %)

other purposes

Others

50.920

Total

83,103

508,748

48,050 ( 6.0 %)

88,383 (-6.0 %)

466,487 ( 11.4 X)

52,100 (−2.3 X)

0.2 %) 82.955 (

418,022 ( 21.7 X)

45.263 ( 12.5 %)

76,072 ( 9.2 X)

364,510 ( 39.6 %)

#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 Monthly Digest of Statistics from the January 1989 issue onwards.

As a result of this, + In December 1988, the return for reporting loans for use by sector was revised.

some authorised institutions have now more properly classified their loans according to intended usage rather than the business of the loan. recipients. This reclassification is an important reason accounting for the significant increase in loans to certain sectors, for example, the building, construction and property development sector and financial concerns.'

• This excludes funda advanced to banks and deposit-taking companies

17