XN000022-1995-03-22 — Page 8

(%)

Billion

RESIDENTIAL MORTGAGE LOANS IN HONG KONG (33 institutions)

Outstanding balance at end of month

240

230

220

210

200

190

0800

180

Dec 92

I

A1

T

Jun

Dec

Jun

1

Dec

Mar 93 Sep Mar 94 Sep Feb 95

Remarks: The significant fall of outstanding balance in December 1994 was due to the

effect of reclassification, securitization and sale of loans by some institutions.

Monthly growth rate

2.8

2.6

2.4

2.2

2

1.8

1.6

1.4

1.2

1

0.8

0.6

0.4

0.2

-0.2

T

1

Jan 93

Jun

། Dec 1 Jun

I

Dec

Mar 93

Sep

Mar 94

Sep

Feb 95

A2

3-month and 12-month moving average growth rate on annualised basis

(%)

35

30

M

20

15

10

TFeb 95

0

Mar 93

Sep

Mar 94

Sep

Jun

Dec

Jun

Dec

A3

D 3-month + 12-month

Chart A