Hong Kong Monetary Authority: M2 and M3 money supply in Hong Kong both increased by 1.4% in September.

On October 31, statistics released by the Hong Kong Monetary Authority showed that the Hong Kong dollar M2 and M3 money supply both increased by 1.4% in September compared to the same period last year, with a 4.5% increase. The seasonally adjusted Hong Kong dollar M1 money supply fell by 1.4% in September, but increased by 11.5% compared to the same period last year, reflecting some investment-related activities. The total money supply M2 and M3 both rose by 1.3% in September compared to the same period last year, with increases of 11.1% for both M2 and M3. Approved institutions' deposits increased by 1.3% in September 2025, with Hong Kong dollar deposits and foreign currency deposits rising by 1.4% and 1.3% respectively. From the beginning of the year until the end of September, total deposits and Hong Kong dollar deposits rose by 10.2% and 4.1% respectively. Hong Kong renminbi deposits increased by 3.5% in September, reaching 1.0018 trillion renminbi by the end of September. The total amount of renminbi remittances for cross-border trade settlement in September was 1.1232 trillion renminbi, up from 999.69 billion renminbi in August. Changes in deposits are influenced by factors such as interest rate trends and market fundraising activities, so it is advisable to observe longer-term trends and not overanalyze fluctuations in individual months. Total loans and advances increased by 0.7% in September, and rose by 1.6% from the beginning of the year until the end of September. Loans used in Hong Kong (including trade financing) and loans used outside of Hong Kong both increased by 0.6% and 0.7% respectively in September. Due to the increase in Hong Kong dollar deposits and no significant change in Hong Kong dollar loans, the Hong Kong dollar loan-to-deposit ratio decreased from 74.6% at the end of August to 73.6% at the end of September. Loans used in Hong Kong (including trade financing) decreased by 0.4% in the third quarter of 2025, following a 1.6% increase in the previous quarter. By economic purpose, loans for construction, property development, and investment decreased, while loans to financial companies increased.