Monetary Statistics for April 2026

On Fri, 29 May 2026, the Hong Kong Monetary Authority released April 2026 monetary statistics. Total deposits with authorized institutions rose 1.5% in April, with Hong Kong dollar and foreign currency deposits increasing by 1.3% and 1.6% respectively. Year-to-end-April figures show total deposits up 2.4% and Hong Kong dollar deposits up 3.2%. Renminbi deposits grew 4.1% to RMB1,077.3 billion, driven by corporate fund flows, while cross-border trade settlement remittances totaled RMB1,214.6 billion, down from RMB1,290.0 billion in March. Stakeholders are advised that deposit fluctuations stem from varied factors, including interest rates and fundraising; thus, longer-term trends should be prioritized over single-month generalizations.

Loan Portfolio and Liquidity Ratios

Total loans and advances recorded a 0.5% increase in April, with a year-to-end-April growth of 3.6%. Specifically, loans utilized within Hong Kong (inclusive of trade finance) grew by 0.1%, while loans utilized outside Hong Kong rose by 1.9%. Consequently, the Hong Kong dollar loan-to-deposit ratio fell to 71.6% at month-end from 72.3%, reflecting a faster pace of Hong Kong dollar deposit accumulation relative to loan growth.

Money Supply Indicators

Both Hong Kong dollar M2 and M3 expanded by 1.3% in April, marking a 3.1% increase year-over-year. Conversely, seasonally-adjusted Hong Kong dollar M1 declined by 1.1% for the month, though it surged 14.1% compared to the previous year, partly indicative of investment-related activities. Total M2 and Total M3 both recorded a 1.4% increase in April and a 10.0% year-over-year increase.

Regulatory Disclaimer

Given that monthly monetary statistics are susceptible to volatility from transient factors, including seasonal funding demands and business or investment activities, caution is requisite when interpreting these figures. Annex Hong Kong Monetary Authority 29 May 2026.