Rebeca Moen
Jun 30, 2025 08:12
The Hong Kong Financial Authority revealed a 2.5% enhance in whole deposits for Might 2025, with notable development in Hong Kong greenback and overseas forex deposits.
The Hong Kong Financial Authority (HKMA) has printed its financial statistics for Might 2025, highlighting a notable enhance in whole deposits with licensed establishments. Based on the report, whole deposits rose by 2.5% in the course of the month, pushed by vital fund flows from corporates.
Deposit Development Detailed
Among the many whole deposits, Hong Kong greenback deposits surged by 3.4%, whereas overseas forex deposits elevated by 1.8% in Might. This development displays a broader pattern noticed all year long, with whole deposits and Hong Kong greenback deposits growing by 6.7% and seven.9% respectively by the top of Might.
Renminbi Deposits and Commerce Settlement
Conversely, renminbi deposits in Hong Kong skilled a decline of 5.4%, totaling RMB975.6 billion by the top of Might. This lower is attributed to company fund flows. The whole remittance of renminbi for cross-border commerce settlement amounted to RMB1,123.6 billion in Might, down from RMB1,362.1 billion in April.
Loans and Advances
Complete loans and advances noticed a modest enhance of 0.9% in Might, with a year-to-date development of 1.4%. Loans to be used in Hong Kong, together with commerce finance, and loans to be used outdoors Hong Kong rose by 0.9% and 1.1% respectively. The Hong Kong greenback loan-to-deposit ratio decreased to 70.5% by the top of Might from 72.3% in April, as deposits grew sooner than loans.
Financial Aggregates
The report additionally indicated a rise within the Hong Kong greenback M2 and M3 financial aggregates, each rising by 3.2% in Might, and by 9.5% in comparison with the earlier yr. The seasonally-adjusted Hong Kong greenback M1 grew by 12.3% in Might and 18.5% year-on-year, partially pushed by investment-related actions. Complete M2 and M3 noticed a 2.5% enhance in Might and a ten.7% development year-on-year.
Whereas these figures present a snapshot of the monetary panorama, the HKMA cautions that month-to-month statistics will be influenced by numerous transient components, together with seasonal funding calls for and funding actions, necessitating cautious interpretation of the info.
For extra particulars, the complete report by the Hong Kong Financial Authority will be accessed right here.
Picture supply: Shutterstock
