Hong Kong: Hong Kong dollar deposits fell 0.7% in April, while Renminbi deposits increased by 7.4%.

Statistics released by the Hong Kong Monetary Authority show that the total amount of deposits held by authorized institutions increased by 0.6% in April 2025, with Hong Kong dollar deposits falling by 0.7% and foreign currency deposits increasing by 1.6%, mainly reflecting corporate fund movements. From the beginning of the year to the end of April, total deposits and Hong Kong dollar deposits increased by 4.1% and 4.4% respectively. Renminbi deposits in Hong Kong increased by 7.4% in April, reaching 1,030.9 billion yuan by the end of April, mainly reflecting corporate fund movements. The total amount of Renminbi remittances for cross-border trade settlement was 1,362.1 billion yuan in April, compared to 1,184 billion yuan in March.