XN000022-1995-11-30 — Page 11

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Analysed by currency, Hong Kong dollar loans rose by 0.8% in October, whereas foreign currency loans dropped by 1.8%.

As the growth of Hong Kong dollar deposits was faster than that of Hong Kong dollar loans, Hong Kong dollar loan-to-deposit ratio fell for the fifth consecutive month to 104.8%.

Money Supply

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HK$MI rose by 2.8% in October, in line with the increase in demand deposits due to the refund for over-subscription of a new share issue.

Adjusted for that, HK$M1 rose by 2.1% in the month. HK$M2 and HK$M3 both grew by 1.6% in October, up from their 1% increases in September.