XN000022-1991-03-08 — Page 4

لمعا

FRIDAY, MARCH 8, 1991

3.1%

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG INCREASED BY IN JANUARY, FOLLOWING AN INCREASE OF 2.1% IN NOVEMBER AND A DECLINE OF 0.3% IN DECEMBER. OVER THE YEAR, THESE LOANS GREW BY 16.3%.

OTHER

LOANS FOR

BY USE IN HONG KONG GREW

1.3% IN JANUARY

OF FOLLOWING INCREASES

2.0% AND 0.5% IN NOVEMBER AND DECEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 16.5%.

AFTER

PROPORTION

OF

LOANS FOR USE OUTSIDE HONG KONG ROSE BY 4.6% IN JANUARY, INCREASES OF 1.4% AND 2.1% IN NOVEMBER AND DECEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 90.1%. A CONSIDERABLE THIS INCREASE WAS CONTRIBUTED BY EURO-YEN LOANS.

LOANS

FINANCE MERCHANDISING TRADE NOT TOUCHING ΤΟ FELL. BY 3.9% IN JANUARY, AFTER DECLINES OF 2.5% AND 2.2% IN AND DECEMBER RESPECTIVELY.

HOWEVER, YEAR,

HONG

KONG

OVER THE

THESE

NOVEMBER LOANS

INCREASED BY 13.9%.

NUMBER OF REPORTING INSTITUTIONS

THE

AT

THAT

UNCHANGED NUMBER OF REPORTING LICENSED BANKS REMAINED 166 WHILE THAT OF RESTRICTED LICENCE BANKS ROSE BY ONE TO 45 AND OF DEPOSIT-TAKING COMPANIES DECLINED BY FOUR TO 187.

NOTES:

(1)

BEFORE

"DEPOSIT-TAKING

TAKING

FEBRUARY

COMPANIES"

RESPECTIVELY.

(2)

"I

1, 1990, "RESTRICTED LICENCE BANKS" AND COMPANIES WERE KNOWN AS

AND "REGISTERED

"LICENSED

DEPOSIT-TAKING

DEPOSIT- COMPANIES"

IN THE TEXT ABOVE, TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS, HK$M2 TOTAL AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS. FOREIGN CURRENCY DEPOSITS AND U.S.$ DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.

THEM SAME

FOREIGN

"SWAP DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING FOREIGN CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND PLACING AT THE AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE

ENTERING TIME

INTO A CONTRACT ΤΟ

SUCH SELL CURRENCIES (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH MATURITY OF SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.

THE

THEY

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