3.8
Trading in certificates of deposit in the secondary
market remained
total
purchases
institutions
active (7) In the third quarter of 1986,
•
of these certificates by deposit-taking
from the market amounted
to
$13.6 billion,
representing an increase of 55.1% compared with the second
quarter, and of
of 330.7% compared with the same quarter last
year. At the same time, total sales of such certificates by
deposit-taking institutions amounted to $14.0 billion, the
corresponding increases being 76.7% and 319.2%. Most of
these increases were related to
to the trading in certificates
denominated in Hong Kong dollar. At the end
end of September,
58.7% of the total outstanding value of negotiable
certificates of deposit were held
deposit-taking
institutions.
.
by
(7)
/Money
Purchases and sales of NCDS in the secondary market in Hong Kong by deposit-taking institutions (HK$Mn)
Purchases of NCDs
Sales of NCDs
Total
of which in
HK$
Total
of which in
HK$
1985 Q1
Q3
2222
2,423.3
717.2
2,134.0
653.3
Q2
2,691.1
1,352.4
2,765.3
1,465.1
3,166.4
1,997.5
3,345.8
2,189.3
Q4
3,770.1
2,109.7
4,031.0
2,321.1
1986 Q1
6,373.5
5,066.0
5,358.7
4,450.4
Q2
8,793.2
7,659.5
7,937.5
7,005.1
Q3
13,638.6
12,178.9
14,025.9
11,763.6
25
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