ENG-1997 — Page 545

APPENDICES

APPENDIX 18

(Chapter 6: Financial and Monetary Affairs)

Money Supply (1)

$ Million

As at end of year

1995

1996

1997

Money Supply (definition 1)

HK$

171,642

198,311

188.142

Foreign Currency(2)

18,830

19,149

19,958

Total

190,471

217,460

208,100

Money Supply (definition 2)

HK$ (3)

1,260,427

1,503,603

1,652,816

Foreign Currency (2), (4)

1,022,422

1,028,633

1,091,774

Total

2,282,849

2,532,236

2,744,590

Money Supply (definition 3)

HK$ (3)

1,278,288

1,520,461

1,670,536

Foreign Currency (2), (4)

1,085,675

1,091,176

1,156,484

Total

2,363,963

2,611,636

2,827,020

%

Growth rate during the year

1995

1996

1997

Money Supply (definition 1)

HK$

Foreign Currency(2)

8.1

Overall

2288

2.2

15.5

-5.1

1.7

4.2

2.8

14.2

-4.3

Money Supply (definition 2)

HK$ (3)

15.1

19.3

9.9

Foreign Currency (2), (4)

13.9

0.6

6.1

Overall

14.6

10.9

8.4

Money Supply (definition 3)

HK$ (3)

Foreign Currency (2), (4)

Overall

Notes: (1) Figures are subject to revisions.

14.9

18.9

9.9

13.2

0.5

6.0

14.2

10.5

8.2

(2) Hong Kong dollar is the legal tender in the Hong Kong Special Administrative Region, as stated in 'The Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China'. Foreign currency refers to any currency other than the Hong Kong currency. Accordingly Chinese Renminbi is also treated as foreign currency.

(3) Figures are adjusted to include foreign currency swap deposits.

(4) Figures are adjusted to exclude foreign currency swap deposits.

Source: Hong Kong Monetary Authority.

(Enquiry Telephone No.: 2878 1664)

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