The reversal in part reflected the structural
changes mentioned in paragraph 3.4.
increasing by 20% and those by deposit-taking companies by
13%
(9)
•
3.8
In the six months ending June, loans and advances
extended by banks and deposit-taking companies together to finance Hong Kong's imports,
imports, exports and re-exports grew by
14% to $25,015 million, and loans to finance merchandising
i.e. third country, trade grew by 25% to $2,769 million.
3.9
between
The sectoral breakdown of loans and advances for use
in Hong Kong shows a wide variation
different
sectors. For instance, during the first half, total loans to
the manufacturing sector rose by 16%, to the building and
construction sector (including land developers and civil
engineering) by 29% and to the wholesale and retail trades by
4%. Loans to individuals for the purchase of residential
property (including flats in the Home Ownership Scheme and
Private Sector Participation Scheme) increased by 13%.
(9)
3.10 In
Growth Rates of Loans and Advances for use in Hong Kong (%) (period on previous corresponding period)
Loans by banks
Loans by dtcs
Total
Of which
Of which
Of which
Total
in HK$
Total
in HK$
Total
in HK$
1981
Q1
9.3
12.2
14.1
12.7
10.4
12.3
Q2
11.5
12.1
21.7
21.4
14.0
14.3
Q3
4.7
2.9
11.5
10.0
6.5
4.7
Q4
7.3
6.5
10.0
8.4
8.1
7.0
Hl
21.8
25.8
38.9
36.8
25.9
28.4
H2
12.4
9.6
22.6
19.2
15.1
11.9
1982
Q1
10.7
11.3
6.2
2.9
9.5
9.1
Q2
8.3
8.8
6.3
5.5
7.8
8.0
H1
19.9
21.1
12.8
8.5
17.9
17.8
As at end
123,974 110,167
45,168
35,114
169,142
145,281
of June
1982 ($Mn)
22
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