Hong Kong Deposits Rise by 1.5% in April 2026, Driven by Currency Flows and Investment Activities

Monetary Statistics for April 2026

The following is issued on behalf of the Hong Kong Monetary Authority:

According to statistics published today (May 29) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 1.5 per cent in April 2026. Among the total, Hong Kong dollar deposits and foreign currency deposits increased by 1.3per centand 1.6per centrespectively in April. In the year to end-April, total deposits and Hong Kong dollar deposits increased by 2.4per centand 3.2per cent respectively. Renminbi deposits in Hong Kong increased by 4.1per cent in April to RMB1,077.3 billion at the end of April, mainly reflecting fund flows of corporates. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,214.6 billion in April, compared with RMB1,290.0 billion in March. 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 0.5per cent in April, and increased by 3.6per cent in the year to end-April. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 0.1per cent and 1.9per cent respectively in April. The Hong Kong dollar loan-to-deposit ratio decreased to 71.6per cent at the end of April from 72.3per cent at the end of March, as Hong Kong dollar deposits increased at a faster pace than Hong Kong dollar loans.

Hong Kong dollar M2 and M3 both increased by 1.3per cent in April, and both increased by 3.1per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 1.1per cent in April, while increased by 14.1per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 1.4per cent in April. Compared to a year earlier, total M2 and total M3 both increased by 10.0 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.

The Hong Kong Monetary Authority, Photo source: reference image

Fatal traffic accident in Kwai Chung

Police are investigating a fatal traffic accident happened in Kwai Chung yesterday (June 1), in which a man died.

Police received a report at 2.50pm yesterday that a bus driven by a 60-year-old man was travelling along Tung Chi Street, turning right towards Shek Yam Road. When approaching 116 Shek Yam Road, it reportedly knocked down the 60-year-old man who was riding a bicycle.

The 60-year-old male cyclist was trapped under the bus and rescued by firemen. Sustaining multiple injuries, he was rushed to Yan Chai Hospital in unconscious state and later transferred to Princess Margaret Hospital. He was certified dead at 6.08pm on the same day.

The bus driver was arrested for dangerous driving causing death and is being detained for enquiries.

Investigation by the Special Investigation Team 1 of Traffic, New Territories South is under way.

Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers. The contact number is 3661 1346.

Source: AI-found images