Monetary Statistics for September 2025
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According to statistics published today (October 31) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.3 per cent in September 2025. Among the total, Hong Kong dollar deposits and foreign currency deposits increased by 1.4 per cent and 1.3 per cent respectively in September. In the year to end-September, total deposits and Hong Kong dollar deposits increased by 10.2 per cent and 4.1 per cent respectively. Renminbi deposits in Hong Kong increased by 3.5 per cent in September to RMB1,001.8 billion at the end of September. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,123.2 billion in September, compared with RMB996.9 billion in August. 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 0.7 per cent in September, and increased by 1.6 per cent in the year to end-September. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 0.6 per cent and 0.7 per cent respectively in September. The Hong Kong dollar loan-to-deposit ratio decreased to 73.6 per cent at the end of September from 74.6 per cent at the end of August, as Hong Kong dollar deposits increased while Hong Kong dollar loans remained virtually unchanged.
For the third quarter of 2025 as a whole, loans for use in Hong Kong (including trade finance) decreased by 0.4 per cent after increasing by 1.6 per cent in the previous quarter. Analysed by economic use, loans to building, construction, property development and investment decreased, while loans to financial concerns increased.
Hong Kong dollar M2 and M3 both increased by 1.4 per cent in September, and both increased by 4.5 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 1.4 per cent in September, while increased by 11.5 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 1.3 per cent in September. Compared to a year earlier, total M2 and total M3 both increased by 11.1 per cent.
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.
Release Schedule of Monetary Statistics in Hong Kong
The monthly release schedule of monetary statistics in Year 2026 is as follows.
| Reference Month | Release Date |
| January 2026 | February 27, 2026 |
| February 2026 | March 31, 2026 |
| March 2026 | April 30, 2026 |
| April 2026 | May 29, 2026 |
| May 2026 | June 30, 2026 |
| June 2026 | July 31, 2026 |
| July 2026 | August 31, 2026 |
| August 2026 | September 30, 2026 |
| September 2026 | October 30, 2026 |
| October 2026 | November 30, 2026 |
| November 2026 | December 31, 2026 |
| December 2026 | January 29, 2027 |
Ends/Friday, October 31, 2025
Issued at HKT 16:45
Issued at HKT 16:45
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