February 2026 Monetary Statistics - Deposit and Loan Growth
Summary
The Hong Kong Monetary Authority published February 2026 monetary statistics showing total deposits with authorized institutions increased 0.9% month-over-month. Hong Kong dollar deposits decreased 0.2% while foreign currency deposits increased 1.7%. Renminbi deposits rose 3.6% to RMB1,029.3 billion, with cross-border trade settlement remittances totaling RMB866.5 billion.
What changed
The HKMA released February 2026 monetary statistics reporting a 0.9% increase in total deposits (to 0.9% year-to-date), a 0.6% rise in total loans and advances, and increases across money supply metrics including HKD M2/M3 up 2.1% year-over-year and total M2/M3 up 9.8% year-over-year. The HKD loan-to-deposit ratio edged up to 72.4% from 72.3% the prior month. RMB deposits reached RMB1,029.3 billion while trade settlement remittances decreased from RMB1,016.4 billion in January to RMB866.5 billion in February.
This is a statistical release requiring no compliance action from authorized institutions. The HKMA advises caution when interpreting monthly figures due to volatility from seasonal funding demand and investment activities, recommending observation of longer-term trends rather than single-month fluctuations. No regulatory requirements, reporting obligations, or deadlines arise from this publication.
Source document (simplified)
Monetary Statistics for February 2026
Press Releases
31 Mar 2026
Monetary Statistics for February 2026
According to statistics published today (31 March) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.9% in February 2026. Among the total, Hong Kong dollar deposits decreased by 0.2%, while foreign currency deposits increased by 1.7% in February. In the first two months of 2026, total deposits and Hong Kong dollar deposits increased by 0.9% and 1.2% respectively. Renminbi deposits in Hong Kong increased by 3.6% in February to RMB1,029.3 billion at the end of February. The total remittance of renminbi for cross-border trade settlement amounted to RMB866.5 billion in February, compared with RMB1,016.4 billion in January. 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 0.6% in February, and increased by 1.6% in the first two months of 2026. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 0.4% and 0.9% respectively in February. The Hong Kong dollar loan-to-deposit ratio increased to 72.4% at the end of February from 72.3% at the end of January, as Hong Kong dollar deposits decreased at a faster pace than Hong Kong dollar loans.
Hong Kong dollar M2 and M3 increased by 0.2% and 0.1% respectively in February, and both increased by 2.1% when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 0.2% in February, and increased by 12.6% compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.8% in February. Compared to a year earlier, total M2 and total M3 both increased by 9.8%.
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.
Hong Kong Monetary Authority
31 March 2026
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