The Hong Kong Monetary Authority published monthly monetary statistics showing total deposits with authorized institutions rose by 0.9% in February 2026, while total loans and advances increased by 0.6%. The Hong Kong dollar loan-to-deposit ratio edged up to 72.4% at end-February from 72.3% at end-January. Within deposits, Hong Kong dollar deposits fell by 0.2% and foreign currency deposits rose by 1.7% in February, while renminbi deposits increased by 3.6% to RMB 1,029.3 billion. Renminbi remittance for cross-border trade settlement totalled RMB 866.5 billion in February versus RMB 1,016.4 billion in January. Loans for use in Hong Kong (including trade finance) rose by 0.4% and loans for use outside Hong Kong increased by 0.9%. Money supply measures showed Hong Kong dollar M2 and M3 rose by 0.2% and 0.1% in February and were both up 2.1% year on year, while seasonally adjusted Hong Kong dollar M1 rose by 0.2% in the month and 12.6% year on year. The HKMA cautioned that monthly monetary statistics can be volatile and should be interpreted with care, with greater emphasis on longer-term trends.
Hong Kong Monetary Authority 2026-03-31
Hong Kong Monetary Authority releases February 2026 monetary statistics showing 0.9% deposit growth and a 72.4% HKD loan-to-deposit ratio
The Hong Kong Monetary Authority reported that in February 2026 total deposits with authorized institutions rose by 0.9% and total loans and advances increased by 0.6%, lifting the Hong Kong dollar loan-to-deposit ratio to 72.4%. Hong Kong dollar deposits declined by 0.2% while foreign currency deposits rose by 1.7% and renminbi deposits increased by 3.6% to RMB 1,029.3 billion. Hong Kong dollar M2 and M3 both rose modestly in February and 2.1% year on year, while seasonally adjusted Hong Kong dollar M1 increased 12.6% year on year.