The following is issued on behalf of the Hong Kong Monetary Authority:

     According to statistics published today (October 31) by the Hong Kong Monetary Authority, total deposits with authorised institutions edged up by 0.2% in September 2017. With increase in demand, savings and time deposits, Hong Kong-dollar deposits rose by 1.1% during the month. Overall foreign-currency deposits decreased by 0.9% in September. Renminbi deposits in Hong Kong increased by 0.5% to RMB535.5 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB327.9 billion in September, compared with RMB336.0 billion in August.
 
     Total loans and advances rose by 1.1% in September. Among the total, loans for use in Hong Kong (including trade finance) increased by 1.0% from a month ago and loans for use outside Hong Kong expanded by 1.2%. As Hong Kong-dollar loans increased at a faster pace than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio edged up to 78.8% at the end of September from 78.3% at the end of August.
 
     In the third quarter of 2017, loans for use in Hong Kong (including trade finance) expanded further by 2.7% after growing by 5.2% in the previous quarter. Analysed by economic use, the quarterly increase in loans was mainly led by loans to building, construction, property development and investment and loans to financial concerns.
 
     Seasonally adjusted Hong Kong-dollar M1 increased by 2.6% in September and expanded by 13.3% year on year. Seasonally unadjusted Hong Kong-dollar M3 grew by 1.3% during the month and rose by 13.2% from a year earlier. 
 
Release Schedule of Monetary Statistics in Hong Kong

The monthly release schedule of monetary statistics in Year 2018 is as follows.
 

Reference Month	Release Date
January 2018	February 28, 2018
February 2018	March 29, 2018
March 2018	April 30, 2018
April 2018	May 31, 2018
May 2018	June 29, 2018
June 2018	July 31, 2018
July 2018	August 31, 2018
August 2018	September 28, 2018
September 2018	October 31, 2018
October 2018	November 30, 2018
November 2018	December 31, 2018
December 2018	January 31, 2019

Ends/Tuesday, October 31, 2017
Issued at HKT 16:30

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