XN000022-1993-12-23 — Page 8

BOARD.

7

THURSDAY, DECEMBER 23, 1993

MR KWOK IS AN ARCHITECT AND CHAIRS THE ARCHITECTS

REGISTRATION

ON THE INSTITUTE OF

DR LO IS A PUBLIC AFFAIRS CONSULTANT AND SERVES ALSO YOUTH COMMISSION AND THE COUNCIL OF THE OPEN LEARNING HONG KONG.

DR LEUNG IS A SENIOR LECTURER WITH THE DEPARTMENT OF BIOLOGY AT THE BAPTIST COLLEGE.

DR TSUI IS AN ORTHODONTIST.

RESIDENTIAL MORTGAGE SURVEY RESULTS FOR NOVEMBER

RESIDENTIAL MORTGAGE

LENDING

THE TOTAL AMOUNT OF OUTSTANDING

THE RESULTS OF THE LATEST MONTHLY ROSE IN NOVEMBER, ACCORDING TO SURVEY CONDUCTED BY THE HONG KONG MONETARY AUTHORITY (HKMA).

IN

AMOUNT OF OUTSTANDING THE LATEST FIGURES SHOW THAT THE TOTAL LENDING BY THE 28 INSTITUTIONS IN THE SURVEY ROSE BY 0.8 PER CENT NOVEMBER, COMPARED WITH A FALL OF 0.01 PER CENT IN OCTOBER.

FALLEN SHARPLY CENT IN THE THREE-MONTH

AVERAGE LENDING OVER THE LAST THREE MONTHS HAS TO 6.8 PER CENT (ANNUALISED) FROM 13.8 PER PERIOD TO OCTOBER.

THE LOWEST

GROWTH

APRIL THIS

YEAR. THAT THE BOTTOM OF THE

"THIS IS

RATE SINCE HOWEVER, THE RISE IN NOVEMBER MAY INDICATE CURRENT LENDING CYCLE MAY NOW HAVE BEEN REACHED.

||

(BANKING)

OF

THAT LENDING WILL ACCELERATE "THERE REMAINS THE POSSIBILITY AGAIN IN THE COMING MONTHS, THE DEPUTY CHIEF EXECUTIVE HKMA, MR DAVID CARSE, NOTED.

DRAWN ROSE SLIGHTLY BOTH NEW LOANS APPROVED BUT NOT YET NUMBERS (TO 2,319 FROM 2,105) AND IN VALUE (TO $2.9 BILLION FROM BILLION).

IN $2.6

"JUDGING FROM THESE FIGURES, I EXPECT THAT OUTSTANDING

SAME RATE AS IN WILL RISE IN DECEMBER AT ABOUT THE CARSE SAID.

NOVEMBER,

LEND ING MR

A

FOR

BY

LOANS

PURCHASE THE LATEST FIGURES ALSO SHOW THAT LENDING FOR THE

PER CENT 5.3

IN NOVEMBER,

$3.2 FROM PROPERTIES IN CHINA ROSE BY

PART SIGNIFICANT

OF THE INCREASE WAS BILLION TO $3.4 BILLION.

FOR THE

NON-RESIDENTIAL ACCOUNTED

PURCHASE

PROPERTIES.

OF

OF

THE AMOUNT OF NEW LOAN APPROVALS FROM $176 MILLION TO $184 MILLION.

ROSE SLIGHTLY IN NOVEMBER,

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