ENG-1999 — Page 564

APPENDICES

APPENDIX 18

(Chapter 5: Financial and Monetary Affairs)

Money Supply (1)

$ Million

As at end of year

1997

1998

1999

Money supply (definition 1)

HK$

188,135

178,260

205,339

Foreign currency

(2)

19,958

19,406

19,818

Total

208,093

197,666

225,156

Money supply (definition 2)

HK$ (3)

1,652,473

1,814,100

1,910,972

Foreign currency

(2), (4)

1,090,520

1,251,989

1,402,562

Total

2,742,993

3,066,089

3,313,534

Money supply (definition 3)

HK$ (3)

1,670,379

1,826,233

1,922,962

Foreign currency

(2), (4)

1,155,230

1,296,112

1,438,843

Total

2,825,609

3,122,345

3,361,805

%

Growth rate during the year

1997

1998

1999

Money supply (definition 1)

HK$

-5.1

-5.2

15.2

Foreign currency

(2)

4.2

-2.8

2.1

Overall

-4.3

-5.0

13.9

Money supply (definition 2)

HK$(3)

9.9

9.8

5.3

Foreign currency

(2), (4)

6.0

14.8

12.0

Overall

8.3

11.8

8.1

Money supply (definition 3)

HK$ (3)

Foreign currency

(2), (4)

Overall

9.9

9.3

5.3

5.9

12.2

11.0

8.2

10.5

7.7

486

Notes: (1) Figures represent the position as at end of March 2000 and are subject to revisions.

(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 8222)