Total deposits in Hong Kong up 1.1% in May

Loans registered a decline, however, according to central bank data.

Total deposits in Hong Kong’s authorised financial institutions rose by 1.1% in May, according to data from the Hong Kong Monetary Authority (HKMA).

Hong Kong dollar deposits and foreign currency deposits rose by 0.3% and 1.8%, respectively during the same month.

As of end-May, total deposits and Hong Kong dollar deposits have grown by 3.2% and 0.9%.

Renminbi deposits in Hong Kong also rose by 4.2% in May to RMB1.13t, mainly driven by fund flows of corporates, according to the HKMA.

Total remittance of renminbi for cross-border trade settlement amounted to RMB1.18t during the same month, lower than the RMB1.25t in April.

Total loans and advances decreased by 0.4% in May, and decreased by 2.4% in the year to end-May.

Amongst the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.3% and 0.7% respectively, the HKMA observed.

The Hong Kong dollar loan-to-deposit ratio decreased to 81.4% at the end of May from 82.1% at the end of April. This was due to Hong Kong dollar deposits increasing whilst Hong Kong dollar loans decreased, the HKMA said.

Follow the link for more news on

Hong Kong Monetary Authority

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit