Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Economy

Macao's broad money supply remains stable in February

April 07, 2021


Abstract : Macao's broad money supply remained virtually stable month on month at 695.8 billion patacas (about 86.8 billion U.S. dollars) in February with a stable share of patacas, the special administrative region's monetary watchdog said Wednesday.

MACAO, April 7 (Xinhua) -- Macao's broad money supply remained virtually stable month on month at 695.8 billion patacas (about 86.8 billion U.S. dollars) in February with a stable share of patacas, the special administrative region's monetary watchdog said Wednesday.

According to the statistics released by the Monetary Authority of Macao, the currency in circulation rose 2.5 percent month on month whereas demand deposits dropped 6.1 percent. M1 thus decreased 4.1 percent from the previous month.

Meanwhile, quasi-monetary liabilities increased by 0.5 percent. The sum of these two items, i.e. broad money supply or M2, remained virtually stable at 695.8 billion patacas.

On an annual basis, M1 dropped 4.3 percent whereas M2 grew 1.2 percent.

The shares of pataca, Hong Kong dollar, renminbi and U.S. dollar in M2 were 34.4 percent, 49.5 percent, 5.1 percent and 9.2 percent respectively.

Resident deposits edged down 0.1 percent from the previous month to 676.1 billion patacas while non-resident deposits also dropped 4.3 percent to 344.7 billion patacas.

Meanwhile, public sector deposits with the banking sector rose 0.7 percent to 265.1 billion patacas.

As a result, total deposits in the banking sector fell by 1.1 percent from a month earlier to 1,286.0 billion patacas.

Domestic loans to the private sector fell 2.1 percent from a month ago to 535.9 billion patacas, while external loans also dropped 6.0 percent to 672.2 billion patacas.

As a result, total loans to the private sector went down by 4.3 percent from a month earlier to 1,208.1 billion patacas.

At the end of February 2021, the loan-to-deposit ratio for the resident sector fell from 58.2 percent at the end of January to 56.9 percent. Meanwhile, the ratio for both the resident and non-resident sectors decreased from 97.1 percent to 93.9 percent. (One pataca equals 0.1248 U.S. dollar) Enditem

Scan the QR code and push it to your mobile phone

Keyword: Macao broad money supply

Reading:

China's second-hand car export market boasts huge potential, MOC

China local gov'nt bond issues expected to hit RMB800 bln in April

S. China's Guangdong sees rising number of China-Europe freight trains

Radici Group to invest 20 million to enhance its business in China

China Huadian to invest RMB20 bln in N. China's Tianjin to promote energy dev. during 14th Five-Year Plan period

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial