Total deposits with authorised institutions rose 0.7% in February, with Hong Kong dollar deposits up 0.4%, the Hong Kong Monetary Authority announced on Monday.
The HKMA further revealed that US dollar deposits grew 1.2%, while non-US dollar foreign-currency deposits rose 1.1%.
Renminbi deposits rose 18.3% to 47.8 billion yuan, accounting for 1.9% of foreign-currency deposits.
It went on to announce that total loans and advances had risen 1.4%, as loans for use in Hong Kong grew 1.4% and loans for use outside Hong Kong rose 1.5%. The Hong Kong dollar loan-to-deposit ratio rose to 74.1%.
On a seasonally adjusted basis, Hong Kong dollar M1 dropped 2.7% in February but rose 15.1% over a year earlier. Unadjusted Hong Kong dollar M3 grew 0.2% during the month and 8.4% year on year, the Monetary Authority concluded.
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