International Reserves and Foreign Currency Liquidity
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) released today (December 31) the analytical data on the Hong Kong Special Administrative Region's foreign currency reserves and foreign currency liquidity as at the end of November2025 (Annex). These data are published monthly in the Template on International Reserves and Foreign Currency Liquidity in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS).
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At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund's SDDS. The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of December 2025, the scheduled dates for issuing the press releases are as follows:
December5 (Issued)
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
December12 (Issued)
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
December31
SDDS Template on International Reserves and
Foreign Currency Liquidity
December31
Exchange Fund Abridged Balance Sheet and
Currency Board Account
HKMA, Photo source: reference image
Monetary Statistics for November 2025
The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (December 31) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.7 per cent in November 2025. Among the total, Hong Kong dollar deposits and foreign currency deposits increased by 0.2per cent and 1.1per cent respectively in November. In the year to end-November, total deposits and Hong Kong dollar deposits increased by 10.5per cent and 3.4per cent respectively. Renminbi deposits in Hong Kong increased by 0.6per cent in November to RMB1,002.0 billion at the end of November. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,033.0 billion in November, compared with RMB1,006.6 billion in October. 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 0.1per cent in November, and increased by 1.0per cent in the year to end-November. Among the total, loans for use in Hong Kong (including trade finance) decreased by 0.1per cent while loans for use outside Hong Kong increased by 0.4per cent in November. The Hong Kong dollar loan-to-deposit ratio decreased to 73.2per cent at the end of November from 73.6per cent at the end of October, as Hong Kong dollar deposits increased while Hong Kong dollar loans decreased.
Hong Kong dollar M2 and M3 both increased by 0.2per cent in November, and both increased by 4.5per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 1.2per cent in November, and increased by 14.9per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.9per cent in November. Compared to a year earlier, total M2 and total M3 both increased by 11.2per 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
