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According to statistics published today (November 30) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.3% in November 2005, with Hong Kong dollar and foreign currency deposits rising by 2.2% and 0.2% respectively. Within foreign currency deposits, renminbi deposits decreased slightly by 0.1% to RMB22.5 billion yuan in November.
Total loans and advances expanded by 0.8% in November. Of the total, loans for use in Hong Kong and outside Hong Kong grew by 0.6% and 2.8% respectively. Analysed by currency, both Hong Kong dollar lending and foreign currency loans increased. As Hong Kong dollar deposits rose more than Hong Kong dollar loans, the loan-to-deposit ratio decreased to 84.4% in November.
On a seasonally adjusted basis, Hong Kong dollar M1 fell by 4.4% in November and by 12.6% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 both rose by 2.0% during the month, and by 6.3% and 6.5% respectively on a year-on-year comparison.
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Thomas Chan, Senior Manager (Press), at 2878 1480
Ends/Friday, December 30, 2005
Issued at HKT 16:31
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