ENG-2000 — Page 554

APPENDICES

APPENDIX 19

(Chapter 5: Financial and Monetary Affairs)

Money Supply (1)

$ Million

As at end of year

1998

1999

2000

Money supply (definition 1)

HK$

178,260

205,339

203,966

Foreign currency

(2)

19,406

19,818

39,881

Total

197,666

225,156

243,847

Money supply (definition 2)

HK$ (3)

1,814,100

1,910,972

1,984,756

Foreign currency

(2), (4)

1,251,989

1,402,562

1,620,457

Total

3,066,089

3,313,534

3,605,213

Money supply (definition 3)

HK$ (3)

1,826.233

1,922,962

1,999,152

Foreign currency

(2), (4)

1,296.112

1,438,843

1,649,322

Total

3,122,345

3,361,805

3,648,473

%

Growth rate during the year

1998

1999

2000

Money supply (definition 1)

HK$

-5.2

15.2

-0.7

Foreign currency

(2)

-2.8

2.1

101.2

Overall

-5.0

13.9

8.3

Money supply (definition 2)

HK$ (3)

9.8

5.3

3.9

Foreign currency (2). (4)

14.8

12.0

15.5

Overall

11.8

8.1

8.8

Money supply (definition 3)

HK$ (3)

Foreign currency Overall

(2), (4)

9.3

5.3

4.0

12.2

11.0

14.6

10.5

7.7

8.5

486

Notes: (1) Figures represent the position as at end of March 2001 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)