XN000022-1994-03-02 — Page 5

WEDNESDAY, MARCH 2, 1994

MONETARY STATISTICS FOR JANUARY 1994

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS RECORDED A SIGNIFICANT INCREASE DURING JANUARY THIS YEAR, MAINLY OWING TO SOME SHARES FLOTATION EXERCISES, ACCORDING TO STATISTICS PUBLISED TODAY (WEDNESDAY) BY THE HONG KONG MONETARY AUTHORITY.

CONSISTENT WITH THIS, THE BROADEST HONG SUPPLY, HK$M3, ROSE SUBSTANTIALLY IN JANUARY 1994. LOANS AND ADVANCES ALSO INCREASED DURING THE MONTH.

KONG DOLLAR

HONG KONG

MONEY DOLLAR

DEPOSITS

AFFECTED BY SHARES FLOTATION EXERCISES, HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS (ADJUSTED TO INCLUDE SWAP DEPOSITS) ROSE STRONGLY BY 11.6% IN JANUARY 1994, FOLLOWING AN INCREASE OF 15.0% IN NOVEMBER 1993 AND A DECREASE OF 14.3% IN DECEMBER 1993.

AS THE SUBSCRIPTION MONIES WERE PARTLY PLACED AS DEMAND DEPOSITS AND PARTLY PLACED AS TIME DEPOSITS, DEMAND DEPOSITS AND TIME DEPOSITS ROSE BY 14.8% AND 18.1% RESPECTIVELY DURING THE MONTH,

ON THE OTHER HAND, SAVINGS DEPOSITS FELL BY 0.4%. YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 38.2%.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INCREASED BY 1.2% IN JANUARY 1994, AFTER A DECREASE NOVEMBER 1993 AND AN INCREASE OF 0.2% IN DECEMBER 1993.

YEAR-ON-

INSTITUTIONS

OF 0.2% IN

OF THESE DEPOSITS, U.S DOLLAR DEPOSITS INCREASED BY 3.0% WHILE NON-U.S. DOLLAR FOREIGN CURRENCY DEPOSITS FELL BY 0.5%. YEAR-ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 2.9%.

DURING JANUARY 1994, DEPOSITS IN ALL CURRENCIES WITH LICENSED AND DEPOSIT-TAKING COMPANIES INCREASED BY 6.8% AND 3.4% RESPECTIVELY WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS DECREASED BY

BANKS

13.9%.

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 20.3% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 31.1% AND 5.0% RESPECTIVELY.

MONEY SUPPLY

HK$M1, HK$M2 AND HK$M3 INCREASED BY 11.6%, 11.3% AND 11.0% RESPECTIVELY IN JANUARY 1994. THEIR CORRESPONDING PERCENTAGE CHANGES IN DECEMBER 1993 WERE +4.7%, -13.2% AND -13.0% RESPECTIVELY. YEAR-ON- YEAR, HK$M1, HK$M2 AND HK$M3 INCREASED BY 30.2%, 37.9% AND 35.8%

RESPECTIVELY.

/TOTAL MI,

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