HK's Deposits Increase as Loans Decline in February
Hong Kong's total deposits increased, while total loans and advances decreased in February, according to statistics published Friday by the Hong Kong Monetary Authority. The figures show that the total deposits increased moderately by 0.4 percent in February, following a decline of 0.7 percent in the preceding month.
As Hong Kong dollar deposits decreased and foreign currency deposits rose, the share of Hong Kong dollar deposits in total deposits dropped slightly from 55.2 percent in January to 54.7 percent in February.
Hong Kong dollar M1 increased by 1.1 percent in February, as the rise in demand deposits more than offset the decline in currency held by the public. Meanwhile, both Hong Kong dollar M2 and M3 declined moderately by 0.7 percent during the month.
Hong Kong's total deposits increased, while total loans and advances decreased in February, according to statistics published Friday by the Hong Kong Monetary Authority. The figures show that the total deposits increased moderately by 0.4 percent in February, following a decline of 0.7 percent in the preceding month.
