1月份贷款与垫款总额上升1.1%。其中在香港使用的贷款（包括贸易融资）及香港境外使用的贷款在1 月份分别上升0.7%及2.2%。由于港元存款的升幅较港元贷款的升幅大，港元贷存比率由12月底的 72.9%，下跌至1月底的72.3%。 1月份港元货币供应量M2及M3均上升1.1%，与去年同期比较均上升3.8%。1月份经季节因素调整的港元 货币供应量M1上升2.6%，与去年同期比较上升16.9%，部分反映投资相关活动。货币供应量总额M2及 M3于1月份均没有明显变动，与去年同期比较，M2及M3分别上升9.9%及9.8%。 智通财经APP获悉，香港金管局今日发表的统计数字显示，认可机构的存款总额在2026年1月份下跌 0.1%，其中港元存款上升1.3%，外币存款则下跌1.1%，主要反映企业资金流动。香港人民币存款在1月 份上升3.5%，于1月底为9939亿元人民币。跨境贸易结算的人民币汇款总额于1月份为10164亿元人民 币，而12月份为11774亿元人民币。 ...

Group 1: Monetary Supply and Deposits - In December 2025, the Hong Kong dollar money supply M2 and M3 both increased by 0.4%, with a year-on-year increase of 4.2% [1] - The total money supply M2 and M3 rose by 1.2% in December, with year-on-year increases of 11.6% [1] - Total deposits in recognized institutions increased by 1.2% in December, with Hong Kong dollar deposits and foreign currency deposits rising by 0.4% and 1.7% respectively [1] - For the entire year of 2025, total deposits and Hong Kong dollar deposits increased by 11.8% and 3.8% respectively [1] - Renminbi deposits in Hong Kong fell by 4.2% in December, totaling 960.1 billion yuan, reflecting corporate fund flows [1] Group 2: Loans and Advances - Total loans and advances increased by 1.3% in December, with a full-year increase of 2.3% for 2025 [2] - Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong rose by 1.2% and 1.8% respectively in December [2] - The loan-to-deposit ratio for Hong Kong dollars decreased from 73.2% at the end of November to 72.9% at the end of December due to a larger increase in deposits compared to loans [2] - Residential mortgage loans increased, while loans for construction, property development, and investment decreased [2]

Group 1 - The total money supply in Hong Kong, measured by M2 and M3, increased by 0.2% in November, with a year-on-year increase of 4.5% [1] - Seasonally adjusted M1 money supply rose by 1.2% in November, reflecting a year-on-year increase of 14.9%, indicating investment-related activities [1] - The total amount of M2 and M3 money supply rose by 0.9% in November, with a year-on-year increase of 11.2% [1] Group 2 - The total deposits of recognized institutions increased by 0.7% in November, with Hong Kong dollar deposits and foreign currency deposits rising by 0.2% and 1.1% respectively [1] - From the beginning of the year to the end of November, total deposits and Hong Kong dollar deposits increased by 10.5% and 3.4% respectively [1] - The total amount of RMB deposits in Hong Kong rose by 0.6% in November, reaching 1,002 billion RMB by the end of November [1] Group 3 - The total amount of loans and advances increased by 0.1% in November, with a year-to-date increase of 1.0% [2] - Loans used in Hong Kong, including trade finance, decreased by 0.1% in November, while loans used outside Hong Kong increased by 0.4% [2] - The loan-to-deposit ratio for Hong Kong dollars decreased from 73.6% at the end of October to 73.2% at the end of November due to the rise in Hong Kong dollar deposits and the decline in loans [2]

Core Insights - The total deposits of recognized institutions in Hong Kong decreased by 0.4% in October 2025, with Hong Kong dollar deposits and foreign currency deposits falling by 0.9% and 0.1% respectively [1] - Year-to-date until the end of October, total deposits and Hong Kong dollar deposits increased by 9.7% and 3.1% respectively [1] - The total amount of Renminbi deposits in Hong Kong fell by 0.6% in October, amounting to 996.2 billion Renminbi at the end of October [1] - Cross-border trade settlement in Renminbi totaled 1,006.6 billion Renminbi in October [1] Deposit and Loan Trends - The total amount of loans and advances decreased by 0.7% in October, but increased by 0.9% year-to-date until the end of October [1] - Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong fell by 0.9% and 0.2% respectively in October [1] - The loan-to-deposit ratio for Hong Kong dollars remained stable at 73.6% at the end of October, as the decline in Hong Kong dollar loans was similar to that of deposits [1] Monetary Supply - The Hong Kong dollar money supply M2 and M3 both decreased by 0.6% month-on-month in October, while year-on-year they increased by 3.5% [1] - Seasonally adjusted Hong Kong dollar money supply M1 rose by 1.7% month-on-month and 12.2% year-on-year, reflecting investment-related activities [1] - The total money supply M2 and M3 in October decreased by 0.3% month-on-month, but increased by 10.6% year-on-year [1]

Group 1: Monetary Supply and Deposits - In October, the Hong Kong dollar money supply M2 and M3 both decreased by 0.6%, but increased by 3.5% compared to the same period last year [1] - Seasonally adjusted M1 money supply rose by 1.7% in October, with a year-on-year increase of 12.2%, reflecting investment-related activities [1] - Total money supply M2 and M3 fell by 0.3% in October, while year-on-year, M2 and M3 increased by 10.6% [1] - Total deposits from recognized institutions decreased by 0.4% in October, with Hong Kong dollar deposits and foreign currency deposits falling by 0.9% and 0.1% respectively, mainly reflecting corporate fund flows [1] - From the beginning of the year to the end of October, total deposits and Hong Kong dollar deposits increased by 9.7% and 3.1% respectively [1] - Renminbi deposits in Hong Kong decreased by 0.6% in October, totaling 996.2 billion RMB at the end of the month [1] - Cross-border trade settlement in Renminbi totaled 1,006.6 billion RMB in October, down from 1,123.2 billion RMB in September [1] Group 2: Loans and Advances - Total loans and advances decreased by 0.7% in October, but increased by 0.9% from the beginning of the year to the end of October [2] - Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong fell by 0.9% and 0.2% respectively in October [2] - The loan-to-deposit ratio for Hong Kong dollars remained stable at 73.6% at the end of October, as the decline in Hong Kong dollar loans was similar to that of Hong Kong dollar deposits [2]

Group 1 - The total deposits of recognized institutions in Hong Kong increased by 1.3% in September 2025, with Hong Kong dollar deposits and foreign currency deposits rising by 1.4% and 1.3% respectively [1] - From the beginning of the year to the end of September, total deposits and Hong Kong dollar deposits increased by 10.2% and 4.1% respectively [1] - The total amount of Renminbi deposits in Hong Kong rose by 3.5% in September, reaching 1,001.8 billion Renminbi by the end of September [1] Group 2 - The total amount of loans and advances increased by 0.7% in September, with a year-to-date increase of 1.6% [1] - Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong rose by 0.6% and 0.7% respectively in September [1] - The loan-to-deposit ratio for Hong Kong dollars decreased from 74.6% at the end of August to 73.6% at the end of September due to the increase in Hong Kong dollar deposits without a significant change in loans [1] Group 3 - The Hong Kong dollar money supply M2 and M3 both increased by 1.4% in September, with a year-on-year increase of 4.5% [2] - Seasonally adjusted Hong Kong dollar money supply M1 decreased by 1.4% in September, but increased by 11.5% compared to the same month last year, reflecting investment-related activities [2] - The total money supply M2 and M3 both rose by 1.3% in September, with M2 and M3 showing a year-on-year increase of 11.1% [2]

Group 1: Monetary Supply - In September, the Hong Kong dollar money supply M2 and M3 both increased by 1.4%, with a year-on-year increase of 4.5% [1] - The seasonally adjusted M1 money supply decreased by 1.4% in September, but showed an 11.5% increase compared to the same month last year, reflecting investment-related activities [1] - The total money supply M2 and M3 rose by 1.3% in September, with both M2 and M3 showing an 11.1% year-on-year increase [1] Group 2: Deposits - The total deposits of recognized institutions increased by 1.3% in September 2025, with Hong Kong dollar deposits and foreign currency deposits rising by 1.4% and 1.3% respectively [1] - From the beginning of the year to the end of September, total deposits and Hong Kong dollar deposits increased by 10.2% and 4.1% respectively [1] - Renminbi deposits in Hong Kong rose by 3.5% in September, reaching 1,001.8 billion yuan by the end of September [1] Group 3: Loans and Advances - The total amount of loans and advances increased by 0.7% in September, with a year-to-date increase of 1.6% [2] - Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong rose by 0.6% and 0.7% respectively in September [2] - The loan-to-deposit ratio for Hong Kong dollars decreased from 74.6% at the end of August to 73.6% at the end of September due to the increase in Hong Kong dollar deposits without significant changes in loans [2]

Group 1 - The core viewpoint of the news is that the Hong Kong Monetary Authority reported a decline in the money supply in July, with M2 and M3 both down by 1.8% month-on-month, but up by 6.2% year-on-year [1] - The seasonally adjusted M1 money supply decreased by 2.3% in July, while it increased by 18.5% compared to the same month last year, reflecting investment-related activities [1] - Total deposits from recognized institutions rose by 0.2% in July, with Hong Kong dollar deposits down by 2.0% and foreign currency deposits up by 1.9%, indicating corporate fund flows [1] Group 2 - The total amount of loans and advances decreased by 1.1% in July, but increased by 1.3% year-to-date [2] - Loans used in Hong Kong and those used outside Hong Kong fell by 1.0% and 1.7% respectively in July [2] - The loan-to-deposit ratio for Hong Kong dollars increased from 72.0% at the end of June to 73.1% at the end of July, as the decline in Hong Kong dollar deposits was greater than that of loans [2]

Group 1 - The total deposits of authorized institutions in Hong Kong increased by 0.2% in July 2025, with HKD deposits decreasing by 2.0% and foreign currency deposits rising by 1.9%, reflecting corporate fund flows [1] - As of the end of July, RMB deposits in Hong Kong rose by 6.4% to 938.2 billion RMB, primarily due to corporate fund flows [1] - The total amount of cross-border trade settlement in RMB for July was 1,244.3 billion RMB, up from 1,223.5 billion RMB in June [1] Group 2 - The total amount of loans and advances decreased by 1.1% in July, but increased by 1.3% year-to-date as of the end of July [1] - The loan-to-deposit ratio for HKD increased from 72.0% at the end of June to 73.1% at the end of July due to a larger decline in HKD deposits compared to HKD loans [1] - The M2 and M3 money supply in HKD both decreased by 1.8% in July, while year-on-year comparisons showed increases of 6.2% [2] Group 3 - Seasonally adjusted M1 money supply in HKD fell by 2.3% in July, but increased by 18.5% compared to the same month last year, reflecting investment-related activities [2] - The total money supply (M2 and M3) increased by 0.1% in July, with year-on-year increases of 10.8% for both M2 and M3 [2] - Monthly monetary statistics may be influenced by various short-term factors, such as seasonal funding demands and business-related activities, necessitating careful interpretation of the data [2]

Monetary Supply - The broad money supply (M2) increased by 1.1% to 82.48 billion MOP, driven by a 3.2% rise in M1 due to a 4.5% increase in demand deposits, despite a 0.2% decrease in currency in circulation [2] - The composition of M2 by currency shows that the shares of MOP, HKD, RMB, and USD are 32.1%, 46.4%, 6.7%, and 12.8% respectively [2] Deposits - Total deposits in the banking system rose by 2.6% to 139.73 billion MOP, with resident deposits increasing by 1.1% to 80.38 billion MOP and non-resident deposits up by 6.5% to 37.39 billion MOP [3] - The public sector's deposits in the banking system increased by 1.6% to 21.97 billion MOP, with the currency composition being 18.8% MOP, 46.7% HKD, 8.3% RMB, and 24.4% USD [3] Loans - Local private sector loans increased by 2.8% to 51.26 billion MOP, with significant quarterly increases in loans to the "Food and Beverage and Hotel" sector (34.3%) and "Water, Electricity, and Gas Production and Supply" sector (18.6%) [4] - Total loans in the banking system rose by 4.2% to 103.52 billion MOP, with the currency composition being 21.4% MOP, 44.1% HKD, 11.2% RMB, and 20.0% USD [4] Operating Ratios - The loan-to-deposit ratio for local residents increased from 49.3% at the end of May to 50.1% at the end of June 2025, while the overall loan-to-deposit ratio, including non-residents, rose from 73.0% to 74.1% [5] - The non-performing loan ratio decreased to 5.4% [5]