Hong Kong Monetary Authority: In April, both the month-on-month and year-on-year currency supply of the Hong Kong dollar M2 and M3 increased by 1.3% and 3.1%, respectively.

The statistics released by the Hong Kong Monetary Authority today (May 29) show that the Hong Kong dollar monetary base M2 and M3 both rose by 1.3% in April, compared to the same period last year where they both increased by 3.1%. In April, the seasonally adjusted Hong Kong dollar M1 money supply dropped by 1.1%, but increased by 14.1% compared to the same period last year, partly reflecting investment-related activities. The total amount of money supply M2 and M3 both rose by 1.4% in April, compared to the same period last year, where M2 and M3 both rose by 10.0%. Deposits from authorized institutions increased by 1.5% in April 2026, with Hong Kong dollar deposits and foreign currency deposits increasing by 1.3% and 1.6% respectively. From the beginning of the year to the end of April, the total amount of deposits and Hong Kong dollar deposits increased by 2.4% and 3.2% respectively. Renminbi deposits in Hong Kong rose by 4.1% in April, reaching 1,077.3 billion yuan at the end of April, primarily reflecting corporate fund flows. The total amount of renminbi remittances for cross-border trade settlement was 1,214.6 billion yuan in April, down from 1,290 billion yuan in March. Deposit changes are influenced by various factors, including interest rate trends, market fundraising activities, etc., so it is appropriate to observe longer-term trends without overinterpreting fluctuations in individual months. Total loans and advances increased by 0.5% in April, rising by 3.6% from the beginning of the year to the end of April. Loans used in Hong Kong (including trade finance) and loans used outside Hong Kong increased by 0.1% and 1.9% respectively in April. Due to the larger increase in Hong Kong dollar deposits compared to Hong Kong dollar loans, the Hong Kong dollar loan deposit ratio decreased from 72.3% at the end of March to 71.6% at the end of April.