Hong Kong dollar deposits inch 1.2% higher

Look at this list of increases.

According to a release, total deposits with authorised institutions increased 0.8% in November, and Hong Kong-dollar deposits expanded 1.2% during the month, reflecting increases in demand, savings, and time deposits.

The Monetary Authority said overall foreign-currency deposits grew 0.4%, and renminbi deposits in Hong Kong increased 2.9% to RMB571 billion.

The total renminbi remittance for cross-border trade settlement amounted to RMB243 billion, compared with RMB195.4 billion in the previous month.

Total loans and advances rose 0.9% in November. As Hong Kong-dollar loans increased at a faster rate than deposits, the Hong Kong-dollar loan-to-deposit ratio edged up to 80.7% at the end of November from 80.4% a month earlier.

Seasonally adjusted Hong Kong-dollar M1 rose 2.9% in November, and expanded 15.4% year-on-year. Unadjusted Hong Kong-dollar M3 increased 1.3% during the month and expanded 10.9% from a year earlier.