Rongchai Wang
Nov 01, 2025 09:31
The Hong Kong Financial Authority studies a 1.3% enhance in whole deposits for September 2025, with notable development in renminbi deposits and cross-border commerce settlements.
In a current report, the Hong Kong Financial Authority (HKMA) disclosed that whole deposits with licensed establishments skilled a notable rise of 1.3% in September 2025. This enhance features a 1.4% rise in Hong Kong greenback deposits and a 1.3% enhance in international forex deposits, in keeping with the HKMA.
Renminbi Deposits and Cross-Border Commerce
Renminbi deposits in Hong Kong noticed a major enhance of three.5%, reaching RMB1,001.8 billion by the tip of September. Moreover, the entire remittance of renminbi for cross-border commerce settlement surged to RMB1,123.2 billion, up from RMB996.9 billion in August. These figures underscore the rising position of the renminbi in worldwide commerce settlements.
Mortgage and Deposit Dynamics
Whole loans and advances rose by 0.7% in September, contributing to a 1.6% enhance for the 12 months ending September. Loans to be used in Hong Kong, together with commerce finance, and loans to be used outdoors Hong Kong each noticed will increase of 0.6% and 0.7%, respectively. In the meantime, the Hong Kong greenback loan-to-deposit ratio decreased to 73.6% from 74.6% in August, reflecting a gentle enhance in deposits whereas loans remained largely unchanged.
Financial Aggregates
Each Hong Kong greenback M2 and M3 aggregates elevated by 1.4% in September, displaying a 4.5% enhance in comparison with the earlier 12 months. The seasonally-adjusted Hong Kong greenback M1 decreased by 1.4% in the identical month however confirmed an 11.5% enhance year-over-year, partially pushed by investment-related actions. The overall M2 and M3 aggregates additionally elevated by 1.3% in September, marking an 11.1% rise from the earlier 12 months.
Interpretation of Month-to-month Statistics
The HKMA cautions in opposition to over-interpreting month-to-month fluctuations in financial statistics, as these figures could be influenced by varied transient elements comparable to rate of interest actions and seasonal funding calls for. It is suggested to concentrate on longer-term traits for a extra correct evaluation of the monetary panorama.
For extra detailed insights, the complete report is on the market on the Hong Kong Financial Authority web site.
Picture supply: Shutterstock
