The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced today the results of its latest survey on residential mortgage loans (RMLs) in negative equity. &n… read more
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for March 2019. The number… read more
The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (April 30) by the Hong Kong Monetary Authority, total deposits with authorized institutions grew by 0.5 per cent in March 2019. Hong Kong-dollar deposits expanded by 1.2 per cent during the month, as the increase in time deposits exceeded the decline in demand and savings deposits. Overall foreign-currency deposits decreased by 0.3 per cent in March. Renminbi deposits in Hong Kong declined by 1.0 per cent to RMB602.2 billion at the end of March. The total remittance of renminbi for cross-border trade settlement amounted to RMB464.5 billion in March, compared with RMB338.6 billion in February 2019.
Total loans and advances went up by 1.1 per cent in March. Among the total, loans for use in Hong Kong (including trade finance) expanded by 1.2 per cent from a month ago, and loans for use outside Hong Kong picked up by 0.9 per cent (Note). The Hong Kong-dollar loan-to-deposit ratio picked up to 87.8 per cent at the end of March from 87.3 per cent at the end of February, as Hong Kong-dollar loans grew at a faster pace than Hong Kong-dollar deposits.
In the first quarter of 2019, loans for use in Hong Kong (including trade finance) increased by 2.2 per cent following growth of 1.3 per cent in the previous quarter. Analysed by economic use, the increase in loans during the first quarter was mainly led by trade finance, loans to financial concerns, and loans to building, construction, property development and investment.
On a seasonally-adjusted basis, Hong Kong-dollar M1 decreased by 1.3 per cent in March and declined by 4.5 per cent year-on-year. Seasonally unadjusted Hong Kong-dollar M3 increased by 1.1 per cent during the month and grew by 3.0 per cent from a year earlier.
Note: The December 2018 figures for loans for use in/outside Hong Kong have been restated to reflect authorized institutions’ reclassification of working capital loans. The reported month-on-month and quarter-on-quarter growth rates are calculated based on the reclassified loan data. As reclassified loan data before December 2018 are not available, year-on-year growth rates of loans for use in/outside Hong Kong (including their sub-components) as shown in Table 1H of the Annex are calculated based on the data without such reclassification. read more
The Transport Department (TD) today (April 30) announced that the parking fees of 11 government public car parks under its management will be increased with effect from June 1.
“In considering the adjustment of parking fees for the 11 government public car parks, the TD has taken into account several factors including the inflation rate since the last parking fees adjustment, the charges of nearby public car parks operated by private sector and the utilisation of the government car parks,” a spokesman for the TD said.
The 11 car parks are Kennedy Town Car Park, Rumsey Street Car Park, Star Ferry Car Park, City Hall Car Park, Tin Hau Car Park, Shau Kei Wan Car Park, Aberdeen Car Park, Yau Ma Tei Car Park, Sheung Fung Street Car Park, Kwai Fong Car Park and Tsuen Wan Car Park.
Unless otherwise indicated, the adjustment of parking fees of the 11 car parks is summarised as follows:
| Vehicle Type | Hourly Rate | Day Park | Night Park | Monthly Parking Ticket | Quarterly Parking Ticket |
| Private Car/ Van | +$1 | +$20 | +$5 (Note 1) |
+$100 (Note 2) |
+$300 |
| Motorcycle | — | +$2 | +$1 | +$20 | +$60 |
| Taxi | — | — | — | +$50 | +$150 |
The following is issued on behalf of the Hong Kong Monetary Authority: Exchange Fund Bills Tender Results **************************** Tender date : April 30, 2019 Paper on offer : EF Bills Issue… read more