Renminbi deposits in Hong Kong increased 0.3% to RMB955.2 billion in April while overall foreign-currency deposits increased 0.4%, the Monetary Authority said today.
Total deposits with authorised institutions grew 0.9%, with Hong Kong-dollar deposits increasing 1.5%.
The total remittance of renminbi for cross-boundary trade settlement was RMB484.2 billion, compared to RMB616.2 billion in March.
Total loans and advances dropped 3.0% in April. Loans for use in Hong Kong, including trade finance, dropped 4.8%, while loans for use outside Hong Kong expanded 1.3%.
As Hong Kong-dollar loans decreased while deposits increased, the Hong Kong-dollar loan-to-deposit ratio declined to 78.1% at the end of April from 83.1% a month earlier.
Seasonally adjusted Hong Kong-dollar M1 rose 9.4% in April and expanded 15.8% year-on-year. Unadjusted Hong Kong-dollar M3 rose 1.3% in April and climbed 14.2% from a year earlier.
