Felix Pinkston
May 31, 2025 06:29
Hong Kong’s monetary authorities increased 0.6% in April 2025, and the Hong Kong dollar deposit fell due to the increase in foreign currency deposits.
The Hong Kong Monetary Authority (HKMA) announced that the latest release has increased the total deposit of the agency approved in April 2025, which is due to a 0.7% decrease in the Hong Kong dollar deposit reported on May 30, 2025 due to a significant 1.6% increase in foreign currency deposits.
Renminbi deposit trend
HKMA has increased 7.4% of Renminbi sediment, reaching 1030 billion rupees by the end of April. This surge is mainly due to the flow of corporate funds. In addition, RENMINBI’s total remittance to the border trade agreement reached RMB1,3622 billion in April, which increased significantly from RMB1,184 billion in March.
Loan and power generation
Despite the growth of deposits, total loans and progress fell 0.2% in April. Loans for use in Hong Kong, including trade financing, and loans for use outside Hong Kong decreased 0.1% and 0.3%, respectively. The ratio of Hong Kong dollar loans to be stable at 72.3%as loans and deposits decreased to a similar rate.
Monetary
The report also decreased by 0.6% in Hong Kong dollar M2 and M3 in April, but the two aggregates increased 6.5% and 6.6% year -on -year. The seasonally adjusted Hong Kong dollar M1 decreased 1.0% in April, but increased 5.5% year -on -year. The total M2 and the total M3 increased 0.7%per month and increased 9.3%per year.
HKMA warned that monthly financial statistics are volatile due to various temporary factors, including seasonal demand and business activities. It is better to observe the long -term trend rather than focus on short -term fluctuations.
See Hong Kong Monetary Authority for more information.
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