Hong Kong Monetary Authority Reports Rise in Foreign Currency Deposits for April 2025
The post Hong Kong Monetary Authority Reports Rise in Foreign Currency Deposits for April 2025 appeared on BitcoinEthereumNews.com. Felix Pinkston May 31, 2025 06:29 The Hong Kong Monetary Authority reported a 0.6% increase in total deposits for April 2025, driven by a rise in foreign currency deposits, while Hong Kong dollar deposits fell. In its latest release, the Hong Kong Monetary Authority (HKMA) announced that total deposits with authorized institutions rose by 0.6% in April 2025. This increase was primarily attributed to a significant 1.6% rise in foreign currency deposits, offsetting a 0.7% decrease in Hong Kong dollar deposits, as reported on May 30, 2025. Trends in Renminbi Deposits The HKMA highlighted a notable 7.4% rise in renminbi deposits, reaching RMB1,030.9 billion by the end of April. This surge is largely due to corporate fund flows. Furthermore, the total remittance of renminbi for cross-border trade settlement amounted to RMB1,362.1 billion in April, a marked increase from RMB1,184.0 billion in March. Loans and Advances Despite the growth in deposits, total loans and advances experienced a slight decline of 0.2% in April. Loans for use within Hong Kong, including trade finance, and loans for use outside Hong Kong decreased by 0.1% and 0.3%, respectively. The Hong Kong dollar loan-to-deposit ratio remained stable at 72.3%, as both loans and deposits decreased at a similar rate. Monetary Aggregates The report also noted a decrease in Hong Kong dollar M2 and M3 by 0.6% in April, although both aggregates showed an increase of 6.5% and 6.6% year-over-year. The seasonally-adjusted Hong Kong dollar M1 fell by 1.0% in April, yet it was up by 5.5% from the previous year. Total M2 and total M3 experienced a monthly rise of 0.7%, with yearly increases of 9.3%. The HKMA cautioned that monthly monetary statistics are subject to volatilities due to various transient factors, including seasonal funding demand and business activities. It advised observing longer-term trends rather…
The post Hong Kong Monetary Authority Reports Rise in Foreign Currency Deposits for April 2025 appeared on BitcoinEthereumNews.com.
Felix Pinkston May 31, 2025 06:29 The Hong Kong Monetary Authority reported a 0.6% increase in total deposits for April 2025, driven by a rise in foreign currency deposits, while Hong Kong dollar deposits fell. In its latest release, the Hong Kong Monetary Authority (HKMA) announced that total deposits with authorized institutions rose by 0.6% in April 2025. This increase was primarily attributed to a significant 1.6% rise in foreign currency deposits, offsetting a 0.7% decrease in Hong Kong dollar deposits, as reported on May 30, 2025. Trends in Renminbi Deposits The HKMA highlighted a notable 7.4% rise in renminbi deposits, reaching RMB1,030.9 billion by the end of April. This surge is largely due to corporate fund flows. Furthermore, the total remittance of renminbi for cross-border trade settlement amounted to RMB1,362.1 billion in April, a marked increase from RMB1,184.0 billion in March. Loans and Advances Despite the growth in deposits, total loans and advances experienced a slight decline of 0.2% in April. Loans for use within Hong Kong, including trade finance, and loans for use outside Hong Kong decreased by 0.1% and 0.3%, respectively. The Hong Kong dollar loan-to-deposit ratio remained stable at 72.3%, as both loans and deposits decreased at a similar rate. Monetary Aggregates The report also noted a decrease in Hong Kong dollar M2 and M3 by 0.6% in April, although both aggregates showed an increase of 6.5% and 6.6% year-over-year. The seasonally-adjusted Hong Kong dollar M1 fell by 1.0% in April, yet it was up by 5.5% from the previous year. Total M2 and total M3 experienced a monthly rise of 0.7%, with yearly increases of 9.3%. The HKMA cautioned that monthly monetary statistics are subject to volatilities due to various transient factors, including seasonal funding demand and business activities. It advised observing longer-term trends rather…
What's Your Reaction?
