XN000022-1990-08-03 — Page 4

3

FRIDAY AUGUST

+

1990

CENT

LOANS TO INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL PROPERTY (OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) GREW BY 5.9 PER

FOLLOWING

IN THIS

AN INCREASE OF 8.0 PER CENT QUARTER, QUARTER. OVER THE YEAR, THESE LOANS ROSE BY 32.9 PER CENT.

THE

FIRST

1990,

OVER

LOANS TO THE BUILDING, CONSTRUCTION AND PROPERTY DEVELOPMENT

BY SECTOR INCREASED

1.0 PER CENT IN THE SECOND QUARTER OF FOLLOWING AN INCREASE OF 5.0 PER CENT IN THE PRECEDING QUARTER. THE YEAR, THESE LOANS INCREASED BY 11.6 PER CENT.

NUMBER OF REPORTING INSTITUTIONS

164

THE NUMBER OF REPORTING LICENSED BANKS DECREASED BY ONE TO WHILE THE NUMBERS OF RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 38 AND 196 RESPECTIVELY.

NOTES

י

(1)

BEFORE FEBRUARY

rr

COMPANIES RESPECTIVELY.

AND

1, 1990, "RESTRICTED LICENCE BANKS" "DEPOSIT-TAKING COMPANIES" WERE KNOWN AS "LICENSED DEPOSIT-TAKING

"REGISTERED DEPOSIT-TAKING

AND

COMPANIES"

(2)

HK$M2 TOTAL ADJUSTED TO

IN THE TEXT ABOVE, TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS, AND HK$M3

SWAP HAVE BEEN ADJUSTED TO INCLUDE

DEPOSITS. FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE BEEN EXCLUDE SWAP DEPOSITS.

"SWAP DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING FOREIGN CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND PLACING SAME THEM AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE AT THE TIME ENTERING INTO A CONTRACT TO SELL SUCH FOREIGN CURRENCIES MATURITY OF (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH THE SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, THEY SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.

/TABLE 1