Hong Kong loan growth edged up 16.9%

But system deposits seem to disappoint.

According to CCB International, loan growth continues to be resilient (+1.3% MoM, +16.9% YoY) while system deposits continue to lag behind (+0.5% MoM, +10.3% YoY). 

Total system loan-to-deposit ratio increased 60bp to 72.4% while HKD LDR inched up 10bp to 83.7%.

Here's more from CCB International:

RMB deposits continue to record strong growth (+2.1% MoM). The mortgage market remains tepid as mortgage loans approved fell 8.5% MoM to HK$11.5b though loans for primary market transactions rebounded 44.5% MoM from a low base to HK$1.6b.

Share of HIBOR- based mortgages declined from 40% to 28% and total outstanding system mortgages remained flat (+0.1% MoM) at HK$899.6b.