Monetary Statistics for August 2025
The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (September 30) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.9per cent in August 2025. Among the total, Hong Kong dollar deposits decreased by 2.1per cent while foreign currency deposits increased by 3.3per cent in August, mainly reflecting fund flows of corporates. In the year to end-August, total deposits and Hong Kong dollar deposits increased by 8.7per cent and 2.6per cent respectively. Renminbi deposits in Hong Kong increased by 3.2per cent in August to RMB968.0 billion at the end of August, mainly reflecting fund flows of corporates. The total remittance of renminbi for cross-border trade settlement amounted to RMB996.9 billion in August, compared with RMB1,233.3 billion in July. 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 decreased by 0.4per cent in August, while increased by 1.0per cent in the year to end-August. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.1per cent and 1.3per cent respectively in August. The Hong Kong dollar loan-to-deposit ratio increased to 74.6per cent at the end of August from 73.1per cent at the end of July, as Hong Kong dollar deposits decreased at a faster pace than Hong Kong dollar loans.
Hong Kong dollar M2 and M3 both decreased by 1.9per cent in August, while both increased by 4.0per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 2.9per cent in August, while increased by 16.1per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.7per cent in August. Compared to a year earlier, total M2 and total M3 both increased by 10.4 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.
Source: AI-found images
SITI visits Guangxi
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, visited Nanning in Guangxi today (January 14).
This morning, Professor Sun called on the Secretary of the CPC Guangxi Zhuang Autonomous Region Committee and Director of the Standing Committee of the Guangxi Zhuang Autonomous Regional People's Congress, Mr Chen Gang, and learned that Guangxi is accelerating the high-quality development of artificial intelligence and building an industrial co-operation highland for the AI industry facing the Association of Southeast Asian Nations (ASEAN). They also had exchanges and in-depth discussions on further strengthening the co-operation and synergistic development between Hong Kong and Guangxi in various areas including AI, innovation and technology (I&T) parks, data infrastructure, data governance, and nurturing talent. Member of the Standing Committee of the CPC Guangxi Zhuang Autonomous Region Committee and Vice Chairman of the People's Government of the Autonomous Region Ms Lu Xinning also attended the meeting.
Professor Sun said Hong Kong will fully leverage its distinctive advantage of having strong support from the motherland and a close connection with the world. Through complementary co-operation and synergistic development, Hong Kong and Guangxi will explore co-operation between the two places and with ASEAN countries in industries such as AI and the digital economy.
Professor Sun then met with Member of the Standing Committee of the CPC Guangxi Zhuang Autonomous Region Committee and the Secretary of the CPC Nanning Municipal Committee, Mr Xu Yongguo, to exchange views on I&T co-operation between Hong Kong and Nanning.
Professor Sun visited the Display Center of the China-ASEAN Countries Artificial Intelligence Application Cooperation Center and toured its display hall. The Center is an AI co-operation platform, jointly established by the Guangxi Zhuang Autonomous Region and ASEAN countries, which aims to promote regional co-operation in AI technologies and the digital transformation of industries. The center is also an industrial highland facing ASEAN.
He was briefed on the Center's construction and operation, as well as its co-operation with ASEAN countries. He also observed the AI+ industries and application scenarios, including industrialisation and social governance, and exchanged views on the co-operation model of research and development, integration in Guangxi, and applications in ASEAN.
Professor Sun also visited the exhibition centre of the China-ASEAN Information Harbor and the Beibu Gulf Big Data Exchange Center and studied the collaboration in AI between Guangxi and ASEAN countries, as well as the development and transaction of data products. He also learned about the cross-boundary data flow channels and industrial Internet platforms, the construction of the Digital Silk Road, and co-operation with the ASEAN market.
Professor Sun then visited the China-ASEAN Geographic Information Town to study the industrial applications of technologies, such as satellite navigation and geographic information, in the fields of smart city, cross-boundary logistics, and so on.
Meanwhile, Professor Sun visited the China-ASEAN Mercantile Exchange (China-Singapore Nanning International Logistics Park) to learn about the operation of the large-scale cross-boundary integrated logistics park and one-stop trade platform that integrates functions including production, warehousing, logistics, exhibition, commerce and finance. He also studied the international co-operation between ASEAN countries and Guangxi through the Western New Land-Sea Corridor.
Upon his arrival in Nanning, Guangxi yesterday, Professor Sun immediately met with Deputy Secretary-General of the People's Government of the Guangxi Zhuang Autonomous Region, Party Secretary and Director of the Guangxi Big Data Development Bureau Mr Zhao Zhigang, to have an in-depth exchange on issues including the promotion of data sharing, smart city development, and co-operation in digital industry.
The Chief Executive Officer of Hong Kong Cyberport Management Company Limited, Dr Rocky Cheng, also joined the visit.
Professor Sun will continue his visit tomorrow. He will visit a digital intelligent operations and maintenance service provider and its intelligent computing centre to learn about the service provider's latest achievements in AI and computing power, digital intelligence technology and products. He will also visit the China Mobile Group Guangxi Company to conduct studies on the planning of its infrastructure in computing power and its AI industry large models.
Professor Sun will conclude his visit before noon and return to Hong Kong.
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
SITI visits Guangxi Source: HKSAR Government Press Releases
