| Hong Kong Economy Archive: |
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HK FCRA Advance in December
Jan 08, 8:27 AM EDT |
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| HKMA announced today that the official foreign currency reserve assets of Hong Kong amounted to US$133.2 billion at the end of December 2006. |
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| The total foreign currency reserve assets of US$133.2 billion represent over six times the currency in circulation or about 35% of Hong Kong dollar M3. |
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HK Residential Mortgage Loans Fall in December
Jan 25, 8:24 AM EDT |
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| According to HKMA's monthly survey of residential mortgage lending, new mortgage loans drawn down during December increased by 32.7% to HK$14.0 B |
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| New loans approved, however, decreased by 14.9% to HK$13.3 billion. Decreases were seen in all types of market transactions. In value terms, primary market transactions decreased by HK$0.7 billion (-15.6%), secondary market transactions by HK$0.7 billion (-9.0%) and refinancing loans by HK$0.9 billion (-26.0%). |
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HK Monetary Base Gains 2.1% in December
Jan 26, 8:22 AM EDT |
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| Monetary Base at the end of December 2006 was HK$298.0 billion, an increase of HK$6.2 billion from the end of November 2006. |
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| At the end of December 2006 the total assets of the Exchange Fund, at HK$ 1,176.7 billion, were HK$10.5 billion lower than at the end of November 2006. Foreign currency assets decreased by HK$5.3 billion and Hong Kong dollar assets decreased by HK$5.2 billion. |
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