Hong Kong Monetary Authority Reports Significant Deposit Growth in May 2025
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Rebeca Moen
Jun 30, 2025 08:12
The Hong Kong Monetary Authority revealed a 2.5% improve in complete deposits for May 2025, with notable development in Hong Kong greenback and overseas forex deposits.
The Hong Kong Monetary Authority (HKMA) has printed its financial statistics for May 2025, highlighting a notable improve in complete deposits with approved establishments. According to the report, complete deposits rose by 2.5% during the month, pushed by vital fund flows from corporates.
Deposit Growth Detailed
Among the complete deposits, Hong Kong greenback deposits surged by 3.4%, while overseas forex deposits elevated by 1.8% in May. This development displays a broader development noticed all through the 12 months, with complete deposits and Hong Kong greenback deposits rising by 6.7% and 7.9% respectively by the finish of May.
Renminbi Deposits and Trade Settlement
Conversely, renminbi deposits in Hong Kong skilled a decline of 5.4%, totaling RMB975.6 billion by the finish of May. This lower is attributed to company fund flows. The complete remittance of renminbi for cross-border commerce settlement amounted to RMB1,123.6 billion in May, down from RMB1,362.1 billion in April.
Loans and Advances
Total loans and advances noticed a modest improve of 0.9% in May, with a year-to-date development of 1.4%. Loans for use in Hong Kong, including commerce finance, and loans for use outside Hong Kong rose by 0.9% and 1.1% respectively. The Hong Kong greenback loan-to-deposit ratio decreased to 70.5% by the finish of May from 72.3% in April, as deposits grew quicker than loans.
Monetary Aggregates
The report also indicated an improve in the Hong Kong greenback M2 and M3 financial aggregates, both rising by 3.2% in May, and by 9.5% in contrast to the earlier 12 months. The seasonally-adjusted Hong Kong greenback M1 grew by 12.3% in May and 18.5% year-on-year, partially pushed by investment-related actions. Total M2 and M3 noticed a 2.5% improve in May and a 10.7% development year-on-year.
While these figures present a snapshot of the monetary panorama, the HKMA cautions that month-to-month statistics can be influenced by numerous transient elements, including seasonal funding calls for and funding actions, necessitating cautious interpretation of the knowledge.
For more particulars, the full report by the Hong Kong Monetary Authority can be accessed here.
Image supply: Shutterstock
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