IPOs, wealth management drive bank deposits to hit $19.1t in September

It made the nation a ‘safe haven’ for capital, the Financial secretary said.

Hong Kong’s bank deposits exceeded $19.1t in September, spurred by initial public offerings (IPOs) and a strengthening wealth management sector, said Financial Secretary Paul Chan Mo-po.

This makes the nation a “safe haven” for capital, he added.

Meanwhile, the secretary said that the nation’s goods exports have remained resilient despite the tariff tensions. 

Mo-po noted that the nation’s bank deposits rose by 7% last year over 2023 and by another 10% in 2025.

Total deposits reached $19.1t in September or an 1.3% increase over the last month, according to the Hong Kong Monetary Authority.

Of this, Hong Kong dollar deposits and foreign currency deposits rose by 1.4% and 1.3%, respectively.

By end-September, total deposits and Hong Kong dollar deposits increased by 10.2% and 4.1%, respectively, this year.

Meanwhile, goods exports have recorded a year-on-year increase for 19 consecutive months and an 11.3% rise in the first three quarters of 2025, compared with the same period last year, the secretary said.

In September, Hong Kong’s export of goods increased by 13.8% compared to the same period last year. Goods value recorded a YoY increase of 2.4% the same month.

This showed Hong Kong’s resilience against the tariff tensions, he added.