Hong Kong Monetary Authority: Hong Kong dollar currency supply M2 and M3 both increased by 1.5% in January.

According to statistics released by the Hong Kong Monetary Authority today, the total deposits of authorized institutions rose by 1.4% in January 2025, with Hong Kong dollar deposits and foreign currency deposits increasing by 1.3% and 1.5% respectively. Renminbi deposits in Hong Kong rose by 6.5% in January, reaching 986.8 billion RMB by the end of the month, mainly reflecting corporate fund flows. The total amount of Renminbi remittances for cross-border trade settlements in January was 137.74 billion RMB, compared to 140.16 billion RMB in December. The total amount of loans and advances in January decreased by 0.2%. Loans used in Hong Kong (including trade finance) fell by 0.5% in January, while loans used outside of Hong Kong rose by 0.6% in January. Due to the increase in Hong Kong dollar deposits and decrease in Hong Kong dollar loans, the loan-to-deposit ratio decreased from 77.1% at the end of December to 75.7% at the end of January. In January, the Hong Kong dollar money supply M2 and M3 both increased by 1.5%, up 4.5% compared to the same period last year. Seasonally adjusted Hong Kong dollar money supply M1 in January decreased by 3.0%, but increased by 1.8% compared to the same period last year, partly reflecting investment-related activities. The total money supply M2 and M3 both increased by 1.6% in January, up 9.6% compared to the same period last year.