| Hong Kong Economy Archive: |
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HK Currency Reserve Assets Fall in March
Apr 11, 7:53 AM EDT |
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| HKMA announced today that the official foreign currency reserve assets of Hong Kong amounted to US$135.4 billion at the end of March 2007. |
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| The total foreign currency reserve assets of US$135.4 billion represent over six times the currency in circulation or about 35% of Hong Kong dollar M3. |
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HKMA Residential Loans Rise 55.1% in March
Apr 25, 7:50 AM EDT |
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| According to the HKMA’s monthly survey of residential mortgage lending, new mortgage loans during March increased by 55.1% to HK$12.1 billion. |
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| The proportion of new loans approved at more than 2.5% below the best lending rate increased to 73.2% from 62.1% in February. |
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HK Total Deposits Fall 0.7% in March
Apr 30, 7:48 AM EDT |
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| Total deposits with authorized institutions decreased by 0.7% in March 2007. |
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| According to statistics published today by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.7% in March 2007. Hong Kong dollar and foreign currency deposits declined by 1.2% and 0.1% respectively. Within foreign currency deposits, renminbi deposits increased to RMB 25.2 billion yuan. |
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HK Exchange Fund Assets Decline 16.1 B
Apr 30, 7:43 AM EDT |
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| Monetary Base at the end of March 2007 was HK$299.1 billion, a decrease of HK$9.7 billion, from the end of February 2007. |
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| At the end of March 2007 the total assets of the Exchange Fund, at HK $1,223.5 billion, were HK$16.1 billion lower than at the end of February 2007. Foreign currency assets decreased by HK$8.4 billion and Hong Kong dollar assets decreased by HK$7.7 billion. |
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