Monetary statistics for July 2024
The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (August 30) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.6 per cent in July 2024. Among the total, Hong Kong dollar deposits and foreign currency deposits increased by 0.2 per cent and 0.9per cent respectively in July. In the year to end-July, total deposits and Hong Kong dollar deposits grew by 3.8per cent and 1.3per cent respectively. Renminbi deposits in Hong Kong decreased by 0.4per cent in July to RMB1,057.5 billion at the end of July. The total remittance of renminbi for cross-border trade settlement amounted to RMB 1,281.5 billion in July, compared with RMB1,260.8 billion in June. It should be noted that changes in deposits are affected by a wide range of factors, such as interest rate movements and fund-raising activities. It is therefore more appropriate to observe the longer-term trends, and not to over-generalise fluctuations in a single month.
Total loans and advances decreased by 1.0per cent in July, and decreased by 2.9per cent in the year to end-July. Among the total, loans for use in Hong Kong (including trade finance) decreased by 1.4per cent while loans for use outside Hong Kong increased by 0.3per cent in July. The Hong Kong dollar loan-to-deposit ratio decreased to 80.0per cent at the end of July from 81.3per cent at the end of June, as Hong Kong dollar deposits increased while Hong Kong dollar loans decreased.
Hong Kong dollar M2 and M3 both increased by 0.3per cent in July and both increased by 2.0per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 2.8per cent in July while decreased by 3.0per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.7per cent in July. Compared to a year earlier, total M2 and total M3 both increased by 7.1 per cent.
As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal and IPO-related funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.
Source: AI-generated images
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today
The Commission on Children (CoC), the Hong Kong Police Force (HKPF) and the Social Welfare Department today (September 14) jointly held the"Let's T.A.L.K. and Walk with Kids" stakeholder engagement and Mid-Autumn Festival celebration event under the theme of positive parenting and family bonding. Through a variety of parent-child interactive games, stress relief activities and sharing sessions, the event aimed at promoting positive parenting, enhancing family bonding and celebrating the Mid-Autumn Festival.
Over 80 participants from around 30 families with children participating in the Child Development Fund
and their family members attended the event. The Secretary for Labour and Welfare and Vice-chairperson of the CoC, Mr Chris Sun, together with ex-officio member of the CoC, the Commissioner of Police, Mr Siu Chak-yee, and the Director of Social Welfare, Miss Charmaine Lee, joined the event to cheer on the parents and children.
Mr Sun said that a harmonious family relationship is conducive to the healthy development of children, both physically and mentally. He encouraged parents to spend more time playing with their children and share quality parent-child moments together. Mr Siu hoped that the event, with a series of diverse and challenging parent-child interactive games, would provide participants with special family time together, and could promote positive and healthy family relationships. Miss Lee said that families are the cornerstone of society and the backbone of child protection. She encouraged families to develop stronger familial bonds and enhanced care so that a loving and harmonious environment can be built for the children.
As part of the "Walk with Kids" thematic campaign of the CoC, the stakeholder engagement event was conducted in the format of a day camp at the Junior Police Call Permanent Activity Centre and Integrated Youth Training Camp at Pat Heung. Non-official members of the CoC moderated the group sharing sessions, listening to parents sharing parenting experiences, and providing suggestions for practising positive parenting and enhancing family relationships. Under the guidance of the clinical psychologist from the HKPF, parents also learned and shared relaxation techniques with an aim to assist them in facing parenting challenges with a positive mindset amid their busy daily lives. Apart from a series of parent-child adventure and experiential activities, there was a lantern-making workshop to enhance interaction and collaboration between parents and their children, riding on the vibe of the Mid-Autumn Festival.
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
