Renminbi deposits in Hong Kong increased 2.1% to RMB992.9 billion in June while overall foreign-currency deposits decreased 0.3%, the Monetary Authority said today.
Total deposits with authorised institutions dropped 0.1%, with Hong Kong-dollar deposits increasing 0.1%.
The total remittance of renminbi for cross-boundary trade settlement was RMB592.9 billion, compared to RMB492.5 billion in May.
Total loans and advances rose 2.7% in June. Loans for use in Hong Kong, including trade finance, rose 2.8%, while loans for use outside Hong Kong increased 2.6%.
As Hong Kong-dollar loans increased at a faster rate than Hong Kong-dollar deposits, the Hong Kong-dollar loan-to-deposit ratio raised to 79.9% at the end of June from 77.9% a month earlier.
Seasonally adjusted Hong Kong-dollar M1 rose 2.7% in June and expanded 20% year-on-year. Unadjusted Hong Kong-dollar M3 edged up 0.1% in June and climbed 12.4% from a year earlier.
