Hong Kong deposits up 0.8% in March

HKD and total deposits rose, but renminbi deposits declined.

Total deposits in authorized Hong Kong financial institutions rose by 0.8% in March 2025, according to the Hong Kong Monetary Authority (HKMA).

In Q1 2025, total deposits and Hong Kong dollar deposits rose by 3.5% and 5.1%, respectively.

Renminbi deposits dropped 7.3% over the same period to RMB959.8b, mainly reflecting fund flows, the central bank said.

Total remittance of renminbi for cross-border trade settlement amounted to RMB1.18t in March, from just RMB1.064t in February.