Hong Kong Monetary Authority: In February, the Hong Kong dollar money supply M2 and M3 increased by 1.8% month-on-month and 6.8% year-on-year.

According to the statistics released by the Hong Kong Monetary Authority today (March 31st), the Hong Kong dollar money supply M2 and M3 in February both increased by 1.8% from the previous month, and by 6.8% compared to the same period last year. Seasonally adjusted Hong Kong dollar money supply M1 in February increased by 4.4% from the previous year, reflecting some investment-related activities. The total money supply M2 and M3 both increased by 0.9% in February, with an increase of 10.4% compared to the same period last year. Deposits recognized by institutions increased by 1.3% in February 2025, with Hong Kong dollar deposits and foreign currency deposits rising by 2.1% and 0.6% respectively. In the first two months of 2025, total deposits and Hong Kong dollar deposits increased by 2.7% and 3.4% respectively. Renminbi deposits in Hong Kong increased by 4.9% in February, reaching 1.0353 trillion yuan by the end of the month, mainly reflecting corporate fund flows. The total amount of renminbi remittances for cross-border trade settlement in February was 10.641 trillion yuan, compared to 13.774 trillion yuan in January. The total amount of loans and advances decreased by 0.2% in February, and by 0.5% in the first two months of 2025. Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong both decreased by 0.2% and 0.4% in February. Due to the increase in Hong Kong dollar deposits and decrease in Hong Kong dollar loans, the Hong Kong dollar loan-to-deposit ratio decreased from 75.7% at the end of January to 73.5% at the end of February.