The Hong Kong Monetary Authority published monetary statistics for October 2025 showing a 0.4% fall in total deposits with authorized institutions and a 0.7% decline in total loans and advances. Hong Kong dollar deposits fell 0.9% and foreign currency deposits 0.1% over the month, mainly reflecting corporate fund flows, while total deposits and Hong Kong dollar deposits rose 9.7% and 3.1% respectively in the year to end-October. Renminbi deposits in Hong Kong decreased 0.6% to RMB996.2 billion at end-October, and renminbi remittance for cross-border trade settlement was RMB1,006.6 billion in October versus RMB1,123.2 billion in September. Loans for use in Hong Kong (including trade finance) fell 0.9% and loans for use outside Hong Kong fell 0.2% in October; the Hong Kong dollar loan-to-deposit ratio was virtually unchanged at 73.6%. Hong Kong dollar M2 and M3 each decreased 0.6% in October but were up 3.5% year on year, while seasonally adjusted Hong Kong dollar M1 rose 1.7% in October and 12.2% year on year; total M2 and total M3 both fell 0.3% in October and increased 10.6% from a year earlier. The HKMA cautioned that monthly monetary statistics can be volatile due to transient factors including interest rate movements, fundraising activity, seasonal funding demand and business and investment-related activity, and advised focusing on longer-term trends rather than single-month fluctuations.

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