Monetary Statistics for January 2025

On February 28, 2025, the Hong Kong Monetary Authority (HKMA) reported that total deposits with authorized institutions rose by 1.4% in January 2025, with Hong Kong dollar deposits increasing by 1.3% and foreign currency deposits by 1.5%. Renminbi deposits also saw a significant rise of 6.5%, reaching RMB986.8 billion, mainly due to corporate fund flows. However, total loans and advances decreased by 0.2%, with loans for use in Hong Kong dropping by 0.5%, while loans for use outside Hong Kong increased by 0.6%. The Hong Kong dollar loan-to-deposit ratio fell to 75.7%. Both Hong Kong dollar M2 and M3 increased by 1.5% in January, with total M2 and M3 rising by 9.6% compared to the previous year. The HKMA cautioned against overgeneralizing monthly fluctuations due to various transient factors. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/02/20250228-7/