XN000022-1996-01-23 — Page 20

(x)

Billion

19

RESIDENTIAL MORTGAGE LOANS IN HONG KONG (33 institutions)

Outstanding balance at end of month

280

270

260

250

240

230

220

210-

200

100

180

Dec 92 Jun Dec Jun

Dec

Jun

Dec

A1

Mar 93 Sep Mar 94 Sep Mar 95 Sep

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

1.6

1.6

1.4h

1,2

0.0

0.6

0.4

0.2

-0.2

-0.4

Jan 93 Jun Mar 93

Dec Jun Sep

Dec Jun

Dec

Mar 94 Sep Mar 95 Sep

A2

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

35

30

25

(%)

2

15

$0

0

Mar 93

Jun

Sep

Mar 94

Sep

Dec Jun Dec Jun

Mar 95 Sep

Вас

D 3-month

+ 12-month

A3

Chart A

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