The Hong Kong Monetary Authority has missed its usual deadline for releasing foreign-reserves figures, saying it has been too busy. It normally announces foreign-reserves details at the end of every month. A spokesman said: 'We have been too busy with market operations . . . We'll have a little delay but we'll announce it soon.' The cost of the Government's recent market intervention will not be contained in the July figure but in last month's, due to be released at the end of this month. The authority did release some statistics which revealed deposits rose 3.8 per cent in July, compared with growth of 1.4 per cent in June, as a result of increased repatriation of offshore funds. Loans and advances declined 2.6 per cent.
