Hong Kong Monetary Authority: The Hong Kong dollar money supply M2 and M3 both decreased by 0.6% in October.

On November 28, the statistics released by the Hong Kong Monetary Authority showed that the Hong Kong dollar money supply M2 and M3 both decreased by 0.6% in October, compared to the same period last year, they both increased by 3.5%. The seasonally adjusted Hong Kong dollar money supply M1 in October increased by 1.7%, up 12.2% compared to the same period last year, partly reflecting investment-related activities. The total amount of money supply M2 and M3 both fell by 0.3% in October, compared to the same period last year, M2 and M3 both increased by 10.6%. The total amount of recognized institution deposits decreased by 0.4% in October 2025, with Hong Kong dollar deposits and foreign currency deposits falling by 0.9% and 0.1% respectively, mainly reflecting corporate fund flows. 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. Hong Kong RMB deposits decreased by 0.6% in October, reaching 996.2 billion RMB at the end of October. The total amount of RMB remittances for cross-border trade settlement was 1,006.6 billion RMB in October, compared to 1,123.2 billion RMB in September. Deposit changes are influenced by multiple factors, including interest rate trends, market fundraising activities, etc., so it is appropriate to observe longer-term trends and not over-interpret fluctuations in individual months. The total amount of 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. Loans used in Hong Kong (including trade financing) and loans used outside Hong Kong both decreased by 0.9% and 0.2% in October. Due to a similar decline in Hong Kong dollar loans and deposits, the Hong Kong dollar loan-to-deposit ratio remained roughly unchanged at 73.6% at the end of October.