| Hong Kong Economy Archive: |
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HK Currency Reserve Assets Rise in August
Sep 07, 11:42 AM EDT |
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| HKMA announced today official foreign currency reserve assets of amounted to US$138.3 billion at the end of August 2007. |
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| Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of August 2007 also stood at US$138.3 billion (end-July 2007: US$137.1 billion). |
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HK Exchange Fund Advanced in August
Sep 21, 11:32 AM EDT |
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| HK total assets of the Exchange Fund amounted to HK$1,285.0 billion on 31 August 2007. |
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| At the end of August 2007 the total assets of the Exchange Fund, at HK$1,285.0 billion, were HK$10.5 billion higher than at the end of July 2007. Foreign currency assets increased by HK$10.9 billion while Hong Kong dollar assets decreased by HK$0.4 billion. |
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HK Residential Mortgage Loans Advance in August
Sep 24, 11:30 AM EDT |
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| According to the HKMA’s monthly survey of residential mortgage lending, new mortgage loans drawn down during August increased by 13.9% to HK$16.1 B. |
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| The increase was due to increases of HK$0.3 billion (+8.6%) in approvals for primary market transactions and of HK$1.7 billion (+15.3%) in approvals for secondary market transactions, which more than offset the HK$0.1 billion (-2.0%) decrease in approvals for refinancing loans. |
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HKMA Deposits Increased 1.9% in August
Sep 28, 11:24 AM EDT |
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| On a seasonally adjusted basis, Hong Kong dollar M1 increased by 0.8% in August and by 10.9% from a year earlier. |
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| Total loans and advances rose by 1.8% during the month, with both Hong Kong dollar and foreign currency loans increasing. Loans for use in Hong Kong and outside Hong Kong expanded by 1.8% and 1.6% respectively. As Hong Kong dollar loans and deposits grew at roughly the same rate, the Hong Kong dollar loan-to-deposit ratio remained unchanged at 72.9% at the end of August. |
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