The Hong Kong Monetary Authority released monetary statistics for January 2026 showing total deposits with authorized institutions fell 0.1% while total loans and advances rose 1.1%. Within deposits, Hong Kong dollar deposits increased 1.3% and foreign currency deposits decreased 1.1%, mainly reflecting corporate fund flows. Renminbi deposits in Hong Kong rose 3.5% to RMB 993.9 billion, while renminbi remittances for cross-border trade settlement totalled RMB 1,016.4 billion, down from RMB 1,177.4 billion in December. Loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased 0.7% and 2.2% respectively, and the Hong Kong dollar loan-to-deposit ratio eased to 72.3% from 72.9%. Hong Kong dollar M2 and M3 both increased 1.1% on the month and were up 3.8% year on year, while seasonally adjusted Hong Kong dollar M1 rose 2.6% on the month and 16.9% year on year. Total M2 and total M3 were virtually unchanged on the month and increased 9.9% and 9.8% respectively from a year earlier; the HKMA cautioned that monthly figures can be volatile and are best interpreted in the context of longer-term trends.
Hong Kong Monetary Authority 2026-02-27
Hong Kong Monetary Authority publishes January 2026 monetary statistics showing deposits down 0.1% and loans up 1.1%
The Hong Kong Monetary Authority reported a 0.1% decline in total deposits and a 1.1% rise in total loans and advances for January 2026. Hong Kong dollar deposits increased by 1.3%, while foreign currency deposits fell by 1.1%, influenced by corporate fund flows. The HKMA noted that monetary aggregates showed mixed monthly changes but emphasized the importance of viewing these figures in the context of longer-term trends.