Hong Kong’s total loans, deposits fall in January

This reflects fund outflows from corporates, says the Hong Kong Monetary Authority.

Total deposits in Hong Kong’s authorized institutions declined by 0.6% in January, according to data from the Hong Kong Monetary Authority published on 29 February.

Hong Kong dollar deposits and foreign currency deposits decreased by 0.3% and 0.8%, respectively, during the month. This reflects fund outflows from corporates, the HKMA said.

Total remittance of renminbi for cross-border trade settlements amounted to RMB1.4t in January, higher than the RMB1.27t in December 2023.

ALSO READ: Hong Kong’s credit card issuers advised to seek more merchant deals

Total loans extended by financial institutions in Hong Kong fell by 0.8% in January, according to data from the Hong Kong Monetary Authority.

Loans for use in Hong Kong– including trade finance– decreased by 1.1% during the same month. Loans for use outside the city remained “virtually unchanged,” the HKMA said in a press release.

The dollar loan-to-deposit ratio stayed at 84.2% at end-January, with Hong Kong dollar loans and deposits decreasing at the same pace, authorities said.

Follow the link for more news on

Hong Kong Monetary Authority

Also Read

Bank Australia eyes growth with AUB buy

Techcombank to sustain strong loan growth

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