Hong Kong Monetary Authority: The Hong Kong dollar money supply M2 and M3 increased by 0.2% and 0.1% respectively in February.

The statistics released by the Hong Kong Monetary Authority today (March 31) show that in February, the Hong Kong dollar money supply M2 and M3 increased by 0.2% and 0.1% respectively, compared to the same period last year, both increasing by 2.1%. The seasonally adjusted Hong Kong dollar money supply M1 increased by 0.2% in February, compared to the same period last year, it increased by 12.6%, partially reflecting investment-related activities. The total money supply M2 and M3 both increased by 0.8% in February compared to the same period last year, M2 and M3 both increased by 9.8%. The total amount of deposits held by recognized institutions rose by 0.9% in February 2026, with Hong Kong dollar deposits falling by 0.2% and foreign currency deposits increasing by 1.7%. In the first two months of 2026, total deposits and Hong Kong dollar deposits increased by 0.9% and 1.2% respectively. Renminbi deposits in Hong Kong increased by 3.6% in February, reaching 1.0293 trillion yuan by the end of February. The total amount of remittances in Renminbi for cross-border trade settlement in February was 866.5 billion yuan, compared to 1.0164 trillion yuan in January. Deposit changes are influenced by various factors such as interest rate trends and market fundraising activities, so it is advisable to observe longer-term trends and avoid overinterpreting fluctuations in individual months. The total amount of loans and advances increased by 0.6% in February, with a 1.6% increase in the first two months of 2026. Loans used in Hong Kong (including trade financing) and loans used outside of Hong Kong increased by 0.4% and 0.9% respectively in February. Due to the larger decrease in Hong Kong dollar deposits compared to Hong Kong dollar loans, the Hong Kong dollar loan-to-deposit ratio increased from 72.3% at the end of January to 72.4% at the end of February.