Table 11

(Chapter 4: Financial and Monetary Affairs)
Money Supply
HK$ Billion
  1997   2001   2002  
             
M1@            
  Hong Kong dollar 188.1   229.8   259.4  
  Foreign currency 20.0   28.2   36.2  
  Total 208.1   258.1   295.7  
    (–4.3)   (+5.8)   (+14.6)  
               
M3 (1)@            
  Hong Kong dollar (2) 1,684.3   2,016.6   2,004.2  
  Foreign currency (3) 1,187.1   1,577.5   1,557.9  
  Total 2,871.4   3,594.1   3,562.1  
    (—)   (–2.7)   (–0.9)  
Notes: Figures in brackets refer to percentage changes over the same period of the preceding year.
  Figures are revised on a monthly basis to take into account any subsequent amendments submitted by authorised institutions.
  (1) As from June 2002, short-term Exchange Fund placements of less than one month are included under time deposits as part of the monetary aggregates. The revised data series are backdated to April 1997. As such, figures of end 1997 cannot be compared directly with those of previous years.
  (2) Adjusted to include foreign currency swap deposits.
  (3) Adjusted to exclude foreign currency swap deposits.
Source: Hong Kong Monetary Authority.
(Enquiry Telephone No.: 2878 8222)