|
Total deposits with authorised institutions fell 0.8% in January, with Hong Kong dollar deposits shrinking 1.1% as the contraction in savings and time deposits exceeded the expansion in demand deposits, the Monetary Authority says.
Foreign-currency deposits also dropped 0.4%. Renminbi deposits, which account for about 2.4% of foreign-currency deposits, climbed 2% to RMB64 billion.
Total loans and advances rose 1.9%, with loans for use in Hong Kong growing 2.1% and loans for use outside Hong Kong rising 1%. The Hong Kong-dollar loan-to-deposit ratio rose to 73% from 71.2% in December last year as Hong Kong-dollar loans expanded while deposits contracted.
Seasonally-adjusted Hong Kong-dollar M1 rose 1.7% in January and 34.5% from a year earlier. Unadjusted Hong Kong-dollar M3 shrank 0.9% in the month but rose 9.4% year-on-year.
Go To Top
|
