Monetary Statistics for April 2026

According to statistics published today (29 May) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.5% in April 2026.  Among the total, Hong Kong dollar deposits and foreign currency deposits increased by 1.3% and 1.6% respectively in April.  In the year to end-April, total deposits and Hong Kong dollar deposits increased by 2.4% and 3.2% respectively.  Renminbi deposits in Hong Kong increased by 4.1% in April to RMB1,077.3 billion at the end of April, mainly reflecting fund flows of corporates.  The total remittance of renminbi for cross-border trade settlement amounted to RMB1,214.6 billion in April, compared with RMB1,290.0 billion in March.  It should be noted that changes in deposits are affected by a wide range of factors, such as interest rate movements and fund-raising activities.  It is therefore more appropriate to observe the longer-term trends, and not to over-generalise fluctuations in a single month.

Total loans and advances increased by 0.5% in April, and increased by 3.6% in the year to end-April.  Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 0.1% and 1.9% respectively in April.  The Hong Kong dollar loan-to-deposit ratio decreased to 71.6% at the end of April from 72.3% at the end of March, as Hong Kong dollar deposits increased at a faster pace than Hong Kong dollar loans.

Hong Kong dollar M2 and M3 both increased by 1.3% in April, and both increased by 3.1% when compared to a year ago.  The seasonally-adjusted Hong Kong dollar M1 decreased by 1.1% in April, while increased by 14.1% compared to a year ago, reflecting in part investment-related activities.  Total M2 and total M3 both increased by 1.4% in April.  Compared to a year earlier, total M2 and total M3 both increased by 10.0%.

As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.

Annex

Hong Kong Monetary Authority
29 May 2026