Hong Kong deposits rose 0.8% in March
The Hong Kong dollar loan-to-deposit ratio decreased by 1.2%.
Total deposits with authorized institutions increased by 0.8% in March, according to the Hong Kong Monetary Authority (HKMA).
Hong Kong dollar deposits and foreign currency deposits increased by 1.6% and 0.1%, respectively, whilst renminbi deposits in Hong Kong decreased by 7.3% in March to RMB959.8b.
The total remittance of renminbi for cross-border trade settlement reached RMB1.18b from RMB1.06b in February.
Total loans and advances also rose 1.1% in March, with loans for use in Hong Kong including trade finance and outside Hong Kong up 1.2% and 0.8%, respectively.
In addition, the Hong Kong dollar loan-to-deposit ratio decreased to 72.3% from 73.5% the previous month. Hong Kong dollar M2 and M3 both increased by 1.5% whilst the total M2 and total M3 both increased by 0.7% in March.
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