The Hong Kong Monetary Authority published monetary statistics for May 2025 showing total deposits with authorized institutions increased by 2.5% during the month, while total loans and advances rose by 0.9%. The Hong Kong dollar loan-to-deposit ratio fell to 70.5% at end-May from 72.3% at end-April as Hong Kong dollar deposits grew faster than Hong Kong dollar lending. Within deposits, Hong Kong dollar deposits rose by 3.4% and foreign currency deposits by 1.8%, mainly reflecting corporate fund flows; in the year to end-May, total deposits and Hong Kong dollar deposits were up 6.7% and 7.9% respectively. Renminbi deposits in Hong Kong declined by 5.4% to RMB975.6 billion, and renminbi remittances for cross-border trade settlement totalled RMB1,123.6 billion in May versus RMB1,362.1 billion in April. On monetary aggregates, Hong Kong dollar M2 and M3 each increased by 3.2% in May (up 9.5% year-on-year), seasonally adjusted Hong Kong dollar M1 increased by 12.3% (up 18.5% year-on-year), and total M2 and total M3 each rose by 2.5% in May (up 10.7% year-on-year); the release notes that monthly figures can be volatile and should be interpreted with caution.
Hong Kong Monetary Authority 2025-06-30
Hong Kong Monetary Authority publishes May 2025 monetary statistics showing deposits up 2.5% and loans up 0.9%
The Hong Kong Monetary Authority reported a 2.5% increase in total deposits and a 0.9% rise in total loans and advances for May 2025. The Hong Kong dollar loan-to-deposit ratio decreased to 70.5% as deposits outpaced lending. Notably, renminbi deposits fell by 5.4%, while monetary aggregates showed significant growth, with Hong Kong dollar M1 increasing by 12.3% in May.