Total deposits decreased by 0.4% in October 2025, with Hong Kong dollar deposits and foreign currency deposits decreasing by 0.9% and 0.1% respectively. Renminbi deposits decreased by 0.6%, and remittances dropped to RMB1,006.6 billion. Total loans decreased by 0.7% in October but increased by 0.9% year-on-year. Hong Kong dollar M2 and M3 decreased by 0.6% in October, while M1 increased by 1.7%.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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According to data released by the Hong Kong Monetary Authority on 28 November 2025, total deposits with authorized institutions declined by 0.4% in October 2025. This decrease was primarily attributed to a 0.9% reduction in Hong Kong dollar deposits and a 0.1% decrease in foreign currency deposits, primarily influenced by corporate fund flows.
Over the year to October 2025, total deposits and Hong Kong dollar deposits rose by 9.7% and 3.1% respectively, while Renminbi deposits in Hong Kong experienced a decrease of 0.6%, standing at RMB996.2 billion. Meanwhile, the total remittance of Renminbi for cross-border trade settlement in October amounted to RMB1,006.6 billion, representing a decline from RMB1,123.2 billion in September.
The changes in deposits are influenced by numerous factors such as interest rate fluctuations and fund-raising activities. Therefore, it is crucial to observe long-term trends rather than short-term monthly variations.
Total loans and advances decreased by 0.7% in October 2025, but increased by 0.9% over the year to October 2025. Hong Kong dollar loans and loans for use outside Hong Kong decreased by 0.9% and 0.2% respectively in October. Consequently, the Hong Kong dollar loan-to-deposit ratio remained relatively stable at 73.6% at the end of October.
Both Hong Kong dollar M2 and M3 declined by 0.6% in October 2025 but increased by 3.5% compared to the previous year. Meanwhile, the seasonally-adjusted Hong Kong dollar M1 increased by 1.7% in October and 12.2% compared to the same period last year, indicating heightened investment-related activities.
Monthly monetary statistics can be affected by transient factors such as seasonal funding demand and business cycles, necessitating a cautious approach when interpreting the data.
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