Hong Kong Monetary Authority: The Hong Kong dollar money supply M2 and M3 in January both increased by 1.1%.

The statistical figures released by the Hong Kong Monetary Authority today show that the total amount of deposits held by authorized institutions decreased by 0.1% in January 2026, with Hong Kong dollar deposits increasing by 1.3% and foreign currency deposits decreasing by 1.1%, mainly reflecting corporate fund movements. Renminbi deposits in Hong Kong increased by 3.5% in January, reaching 993.9 billion RMB by the end of January. The total amount of renminbi remittances for cross-border trade settlement in January was 1.0164 trillion RMB, compared to 1.1774 trillion RMB in December. The total amount of loans and advances increased by 1.1% in January. Loans used in Hong Kong (including trade financing) and loans used outside of Hong Kong both increased by 0.7% and 2.2% respectively in January. Due to the larger increase in Hong Kong dollar deposits compared to Hong Kong dollar loans, the Hong Kong dollar loan-to-deposit ratio decreased from 72.9% at the end of December to 72.3% at the end of January. In January, the Hong Kong dollar money supply M2 and M3 both increased by 1.1%, with a year-on-year increase of 3.8%. The seasonally adjusted Hong Kong dollar money supply M1 increased by 2.6% in January, with a year-on-year increase of 16.9%, partly reflecting investment-related activities. The total amount of money supply M2 and M3 in January did not show significant changes, with year-on-year increases of 9.9% and 9.8% respectively.