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28-Sep-2012

  Total deposits rose 1% in August, with a 1.5% rise in Hong Kong dollar deposits, and a 0.4% rise in foreign-currency deposits, the Monetary Authority says.
 
Renminbi deposits declined 1.9% to RMB552.3 billion. The total renminbi remittance for cross-border trade settlement amounted to RMB254.2 billion in August, compared with RMB223.4 billion in the previous month.
 
Total loans and advances fell 0.3%, with loans for use in Hong Kong down 0.1% and outside Hong Kong down 0.5%. As Hong Kong-dollar loans increased at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio edged down to 82.4% at the end of August.
 
Seasonally adjusted Hong Kong-dollar M1 grew 0.6% in August and expanded 8.6% year on year. Unadjusted Hong Kong-dollar M3 increased 1.5% during the month and expanded 8.5% from a year earlier. http://www.news.gov.hk