 |
February, 2000
| BANKING |
|
Amount |
% change, yoy, unless otherwise stated |
|
($bn) |
Monthly |
Quarterly |
Yearly |
|
12/99 |
12/99 |
11/99 |
Q4/99 |
Q3/99 |
Q2/99 |
Q1/99 |
1999 |
1998 |
1997 |
| HKD M0 (in HKD) |
99.5 |
22.6 |
10.9 |
22.6 |
9.9 |
16.9 |
5.3 |
22.6 |
0.7 |
5.3 |
| HKD M1 (in HKD) |
205.3 |
15.2 |
5.4 |
15.2 |
10.5 |
7.0 |
(2.0) |
15.2 |
(5.2) |
(5.1) |
| HKD M2 (in HKD) |
1,911.0 |
5.3 |
5.0 |
5.3 |
4.8 |
9.8 |
8.5 |
5.3 |
9.9 |
9.9 |
| HKD M3 (in HKD) |
1,923.0 |
5.3 |
5.0 |
5.3 |
4.8 |
9.5 |
8.2 |
5.3 |
9.4 |
9.9 |
| Spread (Prime-Hibor3) (pa) (%) |
na |
2.53 |
2.3 |
2.35 |
2.22 |
3.09 |
2.97 |
2.66 |
1.86 |
1.71 |
| Res. mortg. loans outstanding |
|
|
|
|
|
|
|
|
|
|
| (before adjusted to reclassification) |
na |
4.0 |
5.0 |
4.0 |
6.58 |
8.2 |
7.9 |
4.0 |
9.6 |
28.3 |
| (after adjusted to reclassification) |
478.2 |
na |
na |
na |
na |
na |
na |
na |
na |
na |
| Loans-to-Deposits Ratio (pa) (%) |
|
|
|
|
|
|
|
|
|
|
| (Total) |
na |
88.6 |
90.0 |
89.9 |
93.8 |
98.5 |
106.6 |
97.2 |
128.8 |
158.1 |
| (HKD) |
na |
91.3 |
92.6 |
92.4 |
94.9 |
96.3 |
100.5 |
96.0 |
107.9 |
110.3 |
| Foreign Currency Reserves^ (in US$bn) |
96.3 |
96.3 |
92.1 |
96.3 |
90.4 |
88.6 |
89.5 |
96.3 |
89.6 |
93.2 |
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
3,177.4 |
7.6 |
8.2 |
7.6 |
7.7 |
10.5 |
8.8 |
7.6 |
10.9 |
8.4 |
| HKD Deposits @ |
1,760.7 |
4.5 |
4.7 |
4.5 |
4.3 |
9.6 |
8.1 |
4.5 |
9.7 |
9.8 |
| FC Deposits # |
1,416.7 |
11.6 |
12.8 |
11.6 |
12.1 |
11.6 |
9.7 |
11.6 |
12.6 |
6.6 |
|
|
|
|
|
|
|
|
|
|
|
| Loans & Advances |
2,814.2 |
(14.8) |
(14.6) |
(14.8) |
(14.9) |
(19.6) |
(18.1) |
(14.8) |
(19.8) |
5.3 |
| Loans in HKD |
1,608.3 |
(5.1) |
(4.9) |
(5.1) |
(5.6) |
(6.1) |
(3.6) |
(5.1) |
(2.7) |
20.4 |
| Loans in FC |
1,205.9 |
(25.1) |
(24.7) |
(25.1) |
(24.5) |
(32.1) |
(30.7) |
(25.1) |
(32.3) |
(3.6) |
| Loans for use in HK1 |
1,936.1 |
(8.2) |
(8.7) |
(8.2) |
(9.5) |
(10.1) |
(6.9) |
(8.2) |
(5.5) |
22.6 |
| Loans for use outside HK2 |
878.1 |
(26.5) |
(25.2) |
(26.5) |
(24.6) |
(34.6) |
(34.3) |
(26.5) |
(36.7) |
(9.8) |
|
|
|
|
|
|
|
|
|
|
|
| Loans for use in HK (eop) |
1,936.1 |
(8.2) |
na |
(8.2) |
(9.5) |
(10.1) |
(6.9) |
(8.2) |
(5.5) |
22.6 |
| To purchase residential properties |
532.4 |
3.3 |
na |
3.3 |
5.5 |
6.4 |
5.7 |
3.3 |
9.0 |
28.5 |
| Property Development & Investment |
383.2 |
(7.9) |
na |
(7.9) |
(11.4) |
(13.0) |
(7.0) |
(7.9) |
(5.5) |
33.4 |
| Trade Finances1 |
114.1 |
(23.5) |
na |
(23.5) |
(26.0) |
(28.2) |
(24.6) |
(23.5) |
(22.7) |
4.2 |
| Financial Concerns |
190.5 |
(18.7) |
na |
(18.7) |
(21.4) |
(24.8) |
(19.2) |
(18.7) |
(10.9) |
26.2 |
| Wholesale & Retail Trade |
144.3 |
(19.7) |
na |
(19.7) |
(18.6) |
(19.3) |
(13.5) |
(19.7) |
(12.7) |
16.5 |
| Manufacturing |
80.2 |
(15.3) |
na |
(15.3) |
(17.8) |
(19.3) |
(15.1) |
(15.3)
|
(14.4) |
2.7 |
| Credit Card |
37.3 |
7.2 |
na |
7.2 |
7.5 |
7.3 |
11.9 |
7.2 |
14.0 |
29.0 |
| Consumer Finance Ħħ |
99.7 |
(8.3) |
na |
(8.3) |
(12.5) |
(16.7) |
(13.9) |
(8.3) |
(11.9) |
16.6 |
| PRIVATE CONSUMPTION |
|
|
|
% change, yoy, unless otherwise stated |
|
Amount |
Monthly |
Quarterly |
Yearly |
|
11/99 |
11/99 |
10/99 |
Q3/99 |
Q2/99 |
Q1/99 |
Q4/98 |
1998 |
1997 |
1996 |
| Retail Sales |
(Value) |
$14.3bn |
(2.8) |
(4.9) |
(7.2) |
(8.0) |
(13.0) |
(18.9) |
(16.8) |
4.9 |
6.3 |
|
(Volume) |
na |
4.9 |
3.4 |
1.7 |
(1.8) |
(9.4) |
(16.7) |
(16.8) |
1.1 |
1.6 |
| Restaurant Receipts |
(Value) |
$14.5bn(99Q3) |
na |
na |
2.0 |
(1.2) |
(2.0) |
(2.0) |
(3.9) |
6.0 |
5.0 |
|
(Volume) |
na |
na |
na |
4.0 |
0.2 |
(1.0) |
(3.0) |
(6.2) |
2.0 |
2.0 |
| Department Store |
(Value) |
na |
4.9 |
(2.8) |
(14.3) |
(15.4) |
(17.5) |
(25.5) |
(26.5) |
(3.2) |
4.5 |
|
(Volume) |
na |
19.3 |
12.0 |
(0.8) |
(1.5) |
(8.5) |
(21.2) |
(27.0) |
(9.3) |
(1.5) |
| Visitors Arrivals |
0.98mn |
17.3 |
17.1 |
10.9 |
9.5 |
11.1 |
5.5 |
(8.0) |
(11.1) |
14.7 |
| PROPERTY |
|
|
% change, yoy, unless otherwise stated |
|
Amount |
Monthly |
Quarterly |
Yearly |
|
12/99 |
12/99 |
11/99 |
Q4/99 |
Q3/99 |
Q2/99 |
Q1/99 |
1999 |
1998 |
1997 |
| Sales & purchase agreements |
|
|
|
|
|
|
|
|
|
|
| Value |
$18.4bn |
(59.8)` |
(59.4)` |
(44.9) |
1.9 |
(19.6) |
(18.4) |
(20.3) |
(54.3) |
83 |
| Number |
6,711 |
(55.0) |
(61.9) |
(46.9) |
14.1 |
4.1 |
10.9 |
(4.5) |
(50.2) |
39 |
| New res. mortg. approved of 33 AIs |
|
|
|
|
|
|
|
|
|
|
| Number, during the period |
9,577 |
27.5 |
8.1 |
12.3 |
24.2 |
55.2 |
26.3 |
29.5 |
(34.9) |
18.5 |
| Value per loan, during the period |
$1.50mn |
0.7 |
(3.2) |
(2.0) |
(2.2) |
(7.9) |
(27.8) |
(10.0) |
(12.0) |
27.2 |
| Private residential |
|
|
|
|
|
|
|
|
|
|
| Rental (official) |
na |
na |
na |
na |
(5.9) |
(14.8) |
(17.9) |
na |
(16.5) |
13.5 |
| Price (official) |
na |
(4.9) |
(0.8) |
1.5 |
3.9 |
(18.4) |
(26.0) |
(9.8) |
(52.9) |
40.9 |
| HK |
$4,133/sf |
(2.6) |
(2.4) |
0.1 |
2.9 |
(13.4) |
(25.5) |
(9.0) |
(29.4) |
na |
| KL |
$3,705/sf |
(3.7) |
(3.4) |
(2.6) |
3.7 |
(10.9) |
(25.3) |
(8.8) |
(31.9) |
na |
| NT |
$3,022/sf |
(5.6) |
(4.0) |
(1.8) |
4.9 |
(8.5) |
(21.5) |
(6.7) |
(32.2) |
na |
| Rental yield (%) : |
|
|
|
|
|
|
|
|
|
|
| HK |
na |
4.27 |
4.26 |
4.22 |
4.14 |
4.04 |
4.23 |
4.16 |
4.1 |
3.7 |
| KL |
na |
4.67 |
4.76 |
4.77 |
4.70 |
4.42 |
4.49 |
4.60 |
4.5 |
3.9 |
| NT |
na |
3.98 |
4.11 |
4.01 |
3.87 |
3.72 |
3.71 |
3.83 |
3.6 |
3.1 |
| Residential construction completed (sq.m.), ytd |
833.7thou.
Sep |
40.1
Sep |
43.3
Aug |
na |
37.8 |
32.1 |
7.7 |
na |
22.9 |
(7) |
| Res.l construction consent to start work (sq.m.), ytd |
1,211.1thou.
Sep |
27.7
Sep |
(12.9)
Aug |
na |
(0.1) |
7.6 |
79.7 |
na |
(9.7) |
54 |
| MACRO INDICATORS |
|
Amount |
% change, yoy unless otherwise stated |
|
($bn) |
Monthly |
Quarterly |
Yearly |
|
12/99 |
12/99 |
11/99 |
Q4/99 |
Q3/99 |
Q2/99 |
Q1/99 |
1999 |
1998 |
1997 |
| GDP |
na |
na |
na |
na |
4.5 |
1.1 |
(3.0) |
na |
(5.1) |
5.0 |
| Composite CPI |
na |
(4.0) |
(4.2) |
(4.1) |
(5.9) |
(4.0) |
(1.8) |
(4.0) |
2.8 |
5.8 |
| Labour |
|
|
|
|
|
|
|
|
|
|
| Unemployment Rate (%) |
na |
6.0 |
6.1 |
6.1 |
6.1 |
6.2 |
6.0 |
6.1 |
4.7 |
2.2 |
| Unemployed ('000 people) |
na |
220.0 |
225.7 |
223.9 |
220.3 |
214.4 |
207.6 |
216.6 |
157.6 |
71.3 |
| External Trade |
|
|
|
|
|
|
|
|
|
|
| Total Exports |
123.7 |
15.1 |
10.3 |
10.1 |
4.3 |
(5.9) |
(9.0) |
0.1 |
(7.4) |
4.2 |
| Domestic Exports |
16.3 |
7.3 |
2.3 |
(0.5) |
(9.7) |
(15.3) |
(12.2) |
(9.5) |
(10.9) |
(0.4) |
| Re-exports |
107.4 |
16.4 |
11.5 |
11.8 |
6.8 |
(4.3) |
(8.5) |
1.7 |
(6.9) |
5.0 |
| Total Imports |
133.6 |
17.0 |
9.9 |
11.1 |
4.4 |
(11.3) |
(13.8) |
(2.5) |
(11.5) |
5.2 |
| Trade Balance (in $bn) |
(9.9) |
(9.9) |
(0.3) |
(12.2) |
(6.4) |
(12.2) |
(12.9) |
(43.7) |
(81.4) |
(159.1) |
^ Foreign Currency Reserves in Land Fund are not included before June 30, 1997.
 Consumer finance included individual private and business loans other than property purchases & credit card advance.
1 Loans to finance merchandising trade not touching HK would be included in trade finance & loans for use in HK.
2 Others loans where the place of use is not known would be included in loans for use outside HK.
| pa: Period averages |
@ adjusted to include swap deposits |
| # adjusted to exclude swap deposits |
eop: End-of-period |
| na: Not applicable |
e: Estimate |
This material is prepared by the Economic Research Department. Data on Hong Kong are obtained from the Census and Statistics Department & the Hong Kong Monetary Authority. It is based upon information which we consider reliable. Opinions expressed herein are subject to change without notice.
KEY INTERNATIONAL ECONOMIC INDICATORS
(Update: 11th February, 2000) |
| Country |
Unemployment
Rate |
Inflation
Rate |
Real GNP/GDP
Growth Rate |
Trade Balance
(US$ bn) |
Money Supply
(narrow) |
Prime Lending
Rate |
| US |
4.0% (Jan) |
2.7% (Dec) |
4.2% (Q4) |
-32.44 (Nov) |
2.9% (Dec) |
8.75% |
| UK |
5.9% (Nov) |
1.8% (Dec) |
2.7% (Q4) |
-4.01 (Nov) |
12.0% (Dec) |
5.75% |
| Euro-11 |
9.6% (Dec) |
1.7% (Dec) |
2.3% (Q3) |
4.14 (Nov) |
12.3% (Nov) |
3.65% |
| Japan |
4.6% (Dec) |
-1.1% (Dec) |
0.9% (Q3) |
9.48 (Nov) |
12.1% (Dec) |
1.375% |
| Australia |
7.0% (Dec) |
1.8% (Q4) |
3.9% (Q3) |
-0.62 (Dec) |
9.7% (Dec) |
8.5% |
| Canada |
6.8% (Jan) |
2.6% (Dec) |
4.2% (Q3) |
2.13 (Nov) |
9.7% (Dec) |
6.75% |
| China |
3.1%* |
-1.3% (Dec) |
6.0% (Q4) |
2.7 (Dec) |
17.7% (Dec) |
5.85%** |
| Hong Kong |
6.0% (Oct-Dec) |
-4.0% (Dec) |
4.5% (Q3) |
-1.27 (Dec) |
15.2% (Dec) |
8.5% |
* Official figure, end of 1998
** One-year lending rate |
|
|
