Macau | Local branch of Confucius Institute operative by early 2018
| 10:00pm
Film Festival | Hunting Season wins the Best Film Award at IFFAM
| 09:28pm
Macau | Future uncertain for Canidrome dogs as deadline looms
| 09:17pm
Macau | Local hotel industry service is on top of the list in Asia - Hotelier Awards Director
| 06:58pm
Two astronauts, cosmonaut return from five-month ISS mission
| 06:43pm
Macau | Record-breaking land transaction in Macau SAR confirmed, William Kwan vendor in the deal
| 06:27pm
Macau | Gov't striving to complete internal legislative procedure for taxi regulations by Q1 2018 - Sonia Chan
| 06:21pm
Film Festival | Brazilian director and producer at IFFAM Project Market highlight feedback from industry
| 06:13pm
Seven decades in the making, EU set to sign defence pact
| 06:00pm
Macau Lifestyle | DFS Masters of Time luxury watch exhibition to be held until Feb. 28, 2018
| 05:53pm

Slight growth in money supply, deposits and loans in June

The city saw a slight increase in the money supply of 0.5 per cent in the month of June, with M1 growing 0.5 per cent month-on-month, revealed the Macao Monetary Authority (AMCM). M2, the sum of quasi-monetary liabilities and M1, experienced a rise of 0.5 per cent to MOP556.6 billion (US$69.11 billion). M1 and M2, […]

The city saw a slight increase in the money supply of 0.5 per cent in the month of June, with M1 growing 0.5 per cent month-on-month, revealed the Macao Monetary Authority (AMCM).
M2, the sum of quasi-monetary liabilities and M1, experienced a rise of 0.5 per cent to MOP556.6 billion (US$69.11 billion).
M1 and M2, on the other hand, both increased notably by 17 per cent and 16.2 per cent respectively, when compared to the amount recorded a year ago.
Regarding the share of currency in M2, patacas (MOP) took up 31.7 per cent, while Hong Kong dollars (HKD) accounted for 53.2 per cent, Chinese yuan (RMB) 3.9 per cent and United States dollars (USD) 9.1 per cent.
AMCM data also revealed that deposits made by residents registered an increase of 0.5 per cent month-on-month to MOP542.5 billion, whilst deposits by non-residents dropped 2.2 per cent to MOP257.3 billion.
In overall terms, total deposits saved in local banks grew slightly by just 0.1 per cent when compared to the previous month, amounting to MOP989.8 billion.
Hong Kong dollars made up the highest share of total deposits, accounting for 51.2 per cent.
On the other hand, domestic loans to the private sector were MOP433.1 billion, up 2 per cent month-on-month. Some MOP280.4 billion of loans were HKD-denominated, making up 64.7 per cent of total loans granted, while MOP129.2 billion was MOP-denominated and accounted for 29.8 per cent.
In terms of economic sectors that applied for loans, ‘manufacturing industries’, ‘gaming’ and ‘information technology’ were the three sectors that experienced increased rates, up 20.5 per cent, 19.3 per cent and 10.3 per cent quarter-to-quarter, respectively.
For loans granted to sectors relating to ‘education’ and ‘transport, warehouse and communications’, the number dropped 3.2 per cent and 1.9 per cent, respectively.
Meanwhile, external loans in June totaled MOP428.0 billion, up 2.5 per cent month-on-month.
As at the end of June, the loan-to-deposit ratio for local residents had increased by 0.5 percentage points to 59.1 per cent.
The non-performing loan ratio remained more or less stable at 0.2 per cent.

OPINION

624 POSTS0 COMMENTS
228 POSTS0 COMMENTS
186 POSTS0 COMMENTS
103 POSTS0 COMMENTS