| Hong Kong Economy Archive: |
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HK Currency Reserve Assets Advance in April
May 07, 7:35 AM EDT |
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| The total foreign currency reserve assets of US$136.8 billion represent about seven times the currency in circulation or 36% of Hong Kong dollar M3. |
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| The Hong Kong Monetary Authority announced today that the official foreign currency reserve assets of Hong Kong amounted to US$136.8 billion at the end of April 2007, end-March 2007: US$135.4 billion. |
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HK New Mortgage Loans Decline 11.3% in April
May 23, 7:32 AM EDT |
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| The outstanding value of mortgage loans increased by 0.1% to HK$531.0 billion. |
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| New loans approved fell by 11.3% to HK$14.5 billion. The decline was mainly led by secondary market transactions which fell by HK$1.7 billion (-16.5%). Primary market transactions fell by HK$0.1 billion (-4.3%) while refinancing loans were little changed. The number of new applications also decreased, by 12.9%. |
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HK Exchange Fund Total Assets Increase in April
May 31, 7:29 AM EDT |
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| Monetary Base at the end of April 2007 was HK$298.2 billion, a decrease of HK$0.9 billion, from the end of March 2007. |
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| At the end of April 2007 the total assets of the Exchange Fund, at HK$1,253.4 billion, were HK$30.0 billion higher than at the end of March 2007. Foreign currency assets increased by HK$15.1 billion and Hong Kong dollar assets increased by HK$14.9 billion. |
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HK Total Deposits Fall 0.7% in April
May 31, 7:27 AM EDT |
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| On a seasonally adjusted basis, Hong Kong dollar M1 declined by 2.2% in April but increased by 9.4% from a year earlier. |
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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 April 2007. While Hong Kong dollar deposits declined by 2.4%, foreign currency deposits rose by 1.4%. Within foreign currency deposits, renminbi deposits increased by around 1% to RMB 25.5 billion yuan in April. |
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