In April 2025, Hong Kong saw a 0.6% increase in total deposits, with a 1.6% rise in foreign currency deposits. Hong Kong dollar deposits decreased by 0.7%. Total remittance of renminbi increased by 13.7%. Loans and advances decreased by 0.2%, with a 0.5% increase year-over-year. Hong Kong dollar M2 and M3 both decreased by 0.6% in April but increased by 6.5% and 6.6% compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 1.0% in April.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority reported a 0.6% increase in total deposits with authorized institutions in Hong Kong during April 2025. This growth was driven by a 1.6% increase in foreign currency deposits, primarily due to corporate fund flows, while Hong Kong dollar deposits declined by 0.7%. Over the year ending April, total deposits rose by 4.1%, with Hong Kong dollar deposits increasing by 4.4%. Notably, Renminbi ("RMB") deposits in Hong Kong surged by 7.4% to RMB1,030.9 billion in April. Additionally, the remittance of RMB for cross-border trade settlement reached RMB1,362.1 billion, a 13.7% increase from the previous month.
In April, total loans and advances decreased by 0.2%, but this figure improved by 0.5% year-over-year. Loans for use in Hong Kong (including trade finance) and those for use outside Hong Kong both saw minor declines of 0.1% and 0.3% respectively. The Hong Kong dollar loan-to-deposit ratio remained consistent at 72.3%. Furthermore, Hong Kong dollar M2 and M3 decreased by 0.6% in April but increased significantly by 6.5% and 6.6% compared to the same period last year. Seasonally-adjusted Hong Kong dollar M1 declined by 1.0% in April but improved by 5.5% year-over-year. Overall, total M2 and M3 increased by 0.7% in April and by 9.3% year-over-year.
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