香港金管局：1月份港元货币供应量M2及M3均上升1.1%

Core Viewpoint - The Hong Kong Monetary Authority reported a slight decline in total deposits from recognized institutions in January 2026, reflecting changes in corporate fund flows [1] Group 1: Deposit Trends - Total deposits from recognized 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% [1] - Renminbi deposits in Hong Kong rose by 3.5% in January, reaching 993.9 billion RMB by the end of the month [1] - Cross-border trade settlement in renminbi totaled 1,016.4 billion RMB in January, down from 1,177.4 billion RMB in December [1] Group 2: Loan and Advance Trends - Total loans and advances increased by 1.1% in January 2026, with loans used in Hong Kong (including trade financing) rising by 0.7% and loans used outside Hong Kong increasing by 2.2% [1] - The loan-to-deposit ratio for Hong Kong dollars decreased from 72.9% at the end of December to 72.3% by the end of January, as the increase in Hong Kong dollar deposits outpaced the rise in loans [1] Group 3: Money Supply - The Hong Kong dollar money supply M2 and M3 both rose by 1.1% in January 2026, with year-on-year increases of 3.8% [1] - Seasonally adjusted M1 money supply increased by 2.6% in January, reflecting a year-on-year increase of 16.9%, partly due to investment-related activities [1] - Overall, M2 and M3 showed no significant changes in January, with year-on-year increases of 9.9% and 9.8%, respectively [1]