rates of the Hong Kong dollar money supply (8). Though the growth rates of
of the foreign currency components of the money supply were higher, total money supply, except total M2, grew at slower rates than during the same period last year.
Loans and advances
3.10
•
The demand for loans showed more rapid growth during
the first half of 1986 than in the
(9) second half of 1985
Total outstanding loans and advances extended by banks and deposit-taking companies grew by 4.4% during the first quarter and by 2.5% during the second quarter of 1986, compared with 0.3% and 1.1% during the
the third and fourth quarters of 1985.
/Holdings
(8)
Growth rates of the Money Supply (%)
During the period
MI
M2
M3
HK$ Total
HK$
Total
HK$
Total
1985
1986
388LE2 ZYE
+8.3
Q2
+6.9
+6.9
+3.4
+5.9
+3.2
+5.2
+7.7
+3.3
+4.7
+3.3
+4.6
+7.1
+7.8
+1.7
+5.1
+1.7
+5.3
+1.1
-0.9
+3.9
+6.5
+3.3
+5.9
H1
+15.8
+15.1
H2
+8.3
+6.8
+6.9
+11.0
+6.6
+10.0
+5.6
+12.0
+5.0
+11.5
Q1
+0.1
+1.3
+2.9
+5.9
+2.5
+5.1
Q2
+2.4
+2.5
+3.3
+5.6
+1.4
+3.8
HI
+2.5
+3.9
+6.3
+11.8
+3.9
+9.1
As at end
of June 86
(HK$Mn)
42,854
47,021
(9)
206,836 436,274 242,432
Loans and advances made by all deposit-taking institutions (HK$Mn)
519,164
To finance imports
Loans for
Loans for use
As at end of
and exports of
use in
outside
Hong Kong
Hong Kong
Hong Kong
Others Total
1985 Q1
1986 Q1
2222 22
32,008
224,084
145,727
25,117 426,935
Q2
31,850
229,577
147,693
25,088 434,208
Q3
30,459
233,882
146,570
24,392 435,303
Q4
30,855
234,943
146,319
27,847 439,964
31,885
240,655
155,372
31,329 459,241
Q2
33,882
247,037
159,185
30,427 470,531
26
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