FEHD releases sixth batch of gravidtrap indexes for Aedes albopictus in November

Source: Hong Kong Government special administrative region – 4

The Food and Environmental Hygiene Department (FEHD) today (November 28) released the sixth batch of gravidtrap indexes and density indexes for Aedes albopictus in November, covering 14 survey areas, as follows:

District Survey Area November 2025
First Phase Gravidtrap Index First Phase Density Index
Central and Western Central and Admiralty 0.0% N/A
Southern Aberdeen and Ap Lei Chau 0.0% N/A
Yau Tsim Tsim Sha Tsui 0.0% N/A
Tsim Sha Tsui East 1.9% 1.0
Kowloon City Hung Hom 5.5% 1.0
Kai Tak North 0.0% N/A
Wong Tai Sin Wong Tai Sin Central 0.0% N/A
Kwun Tong Lam Tin and Sau Mau Ping 0.0% N/A
Sha Tin Tai Wai 1.7% 1.0
Sha Tin East 0.0% N/A
Tsuen Wan Ma Wan 8.3% 1.0
District Survey Area November 2025
Area Gravidtrap Index Area Density Index
Wan Chai Tin Hau 0.0% N/A
Kwun Tong Kowloon Bay 0.0% N/A
Yuen Long Tin Shui Wai 0.0% N/A

Among the sixth batch of First Phase Gravidtrap Indexes covering 11 survey areas and Area Gravidtrap Indexes covering three survey areas in November, all were below 10 per cent.

The FEHD has so far released six batches of gravidtrap indexes for Aedes albopictus in November 2025, covering 59 survey areas. Among these 59 survey areas, 46 recorded a decrease or remained unchanged in the individual gravidtrap index as compared to the Area Gravidtrap Index last month, i.e. October 2025, representing that the areas’ mosquito infestation improved or maintained a low level. Thirteen other areas recorded a slight increase, but the indexes were lower than 10 per cent.

The eggs of Aedes albopictus can withstand long periods of desiccation, and will hatch when the temperature becomes suitable and water is present. Members of the public should continue to take mosquito control measures during winter to eliminate mosquito eggs.

Public participation is crucial to the effective control of mosquito problems. The FEHD appeals to members of the public to continue to work together in strengthening personal mosquito control measures, including:

  • tidy up their premises and check for any accumulation of water inside their premises;
  • remove all unnecessary water collections and eliminate the sources;
  • check household items (those placed in outdoor and open areas in particular), such as refuse containers, vases, air conditioner drip trays, and laundry racks to prevent stagnant water;
  • change the water in flower vases and clear the water in saucers of potted plants at least once every seven days;
  • properly cover all containers that hold water to prevent mosquitoes from accessing the water;
  • properly dispose of articles that can contain water, such as empty lunch boxes and cans; and
  • scrub drains and surface sewers with alkaline detergent at least once a week to remove any mosquito eggs.

Starting in August this year, following the completion of the surveillance of individual survey areas, and once the latest gravidtrap index and the density index are available, the FEHD has been disseminating relevant information through press releases, its website, and social media. It aims to allow members of the public to quickly grasp the mosquito infestation situation and strengthen mosquito control efforts, thereby reducing the risk of chikungunya fever (CF) transmission.

Following the recommendations from the World Health Organization and taking into account the local situation in Hong Kong, the FEHD sets up gravidtraps in districts where mosquito-borne diseases have been recorded in the past, as well as in densely populated places such as housing estates, hospitals and schools to monitor the breeding and distribution of Aedes albopictus mosquitoes, which can transmit CF and dengue fever. At present, the FEHD has set up gravidtraps in 64 survey areas of the community. During the two weeks of surveillance, the FEHD will collect the gravidtraps once a week. After the first week of surveillance, the FEHD will immediately examine the glue boards inside the retrieved gravidtraps for the presence of adult Aedine mosquitoes to compile the Gravidtrap Index (First Phase) and Density Index (First Phase). At the end of the second week of surveillance, the FEHD will instantly check the glue boards for the presence of adult Aedine mosquitoes. Data from the two weeks of surveillance will be combined to obtain the Area Gravidtrap Index and the Area Density Index. The gravidtrap and density indexes for Aedes albopictus in different survey areas, as well as information on mosquito prevention and control measures, are available on the department’s webpage (www.fehd.gov.hk/english/pestcontrol/dengue_fever/Dengue_Fever_Gravidtrap_Index_Update.html#).

Government announces appointments to Advisory Committee on Mental Health

Source: Hong Kong Government special administrative region

Government announces appointments to Advisory Committee on Mental Health 
     The membership of the ACMH from December 1 this year is as follows:————
Dr Lam Ching-choi————————–
 
Healthcare sector
# Dr Tony Chan Ngai-ho
# Professor Chan Wai-chi
* Dr Chang Wing-chung
* Dr Amos Cheung Chuen-yih
# Dr Vivian Hui Chi-ching
* Professor Patrick Ip Pak-keung
* Dr Lam Wing-wo
* Dr Peter Tsoi Ting-kwok 
* Dr Josephine Grace Wong Wing-san
 
Social service and education sectors
# Miss Grace Chan Man-yee
* Miss Chan Sau-kam
# Mr Eddie Lam Tak-yuk
* Miss Vicky Leung Pui-ki
* Ms Rachel Leung Wai-ling
* Mr Tso Tat-ming
* Mr Terry Wong Chung-bao
* Professor Paul Yip Siu-fai
 
Lay persons
Miss Angel Chan Hoi-yi (Member Self-recommendation Scheme for Youth member)
*Ms Amy Chan Lim-chee 
Mr Ikey Cheung Ho-yuen (Member Self-recommendation Scheme for Youth member)
*Miss Linda Choy Siu-min
*Dr Ferrick Chu Chung-man (Representative of Equal Opportunities Commission)
# Ms Lo Po-man
* Ms Shirley Marie Therese Loo
# Mr Ng To-lung
* Ms Barbara Tong
* Miss Sara Tong See-pui, SC
# Mr Ali Mohamad Zaiq
 
Ex-officio members
————————
Permanent Secretary for Health or representative
Permanent Secretary for Labour and Welfare or representative
Permanent Secretary for Education or representative
Director of Health or representative
Director of Social Welfare or representative
Director (Cluster Services), Hospital Authority
Chairman, Coordinating Committee in Psychiatry, Hospital Authority
Principal Executive Manager (Health) 3A (Secretary)
 
Note:
# New appointments
* Reappointments 
Issued at HKT 17:25

NNNN

Remarks by S for S at media session on No. 5 alarm fire in Tai Po

Source: Hong Kong Government special administrative region – 4

The Secretary for Security, Mr Tang Ping-keung; the Acting Commissioner of Police, Mr Kan Kai-yan; the Director of Fire Services, Mr Andy Yeung; the Deputy Director of Fire Services (Operations), Mr Derek Armstrong Chan; and the Regional Commander of New Territories North, Ms Lam Man-han, met the media today (November 28) on the No. 5 alarm fire in Tai Po. Following are their remarks at the media session:

Reporter: Can you tell us whether there is gonna be any compensation for the residents? A lot of them right now thinking about how they can get… (inaudible). Secondly, can you give us an update on the corruption investigation regarding the construction company?

Secretary for Security: First of all, investigation regarding any corruption allegation or investigations will be done by the ICAC (Independent Commission Against Corruption). Secondly, you talked about compensation. About financial assistance to all the victims and their families, our Government has different schemes to support their families. I also understand that a lot of private organisations are also organising it. As a matter of fact, Secretary Alice Mak (Secretary for Home and Youth Affairs) and Secretary Chris Sun (Secretary for Labour and Welfare) will hold a separate press conference later to elaborate on all the financial assistance and other kinds of assistance that we can offer to the victims and their families.

Reporter: It has been three days after the fire, why isn’t there any basic demographic of the deceased or the injured as you already got the information and condition of the people? Why don’t you release them to the public?

Secretary for Security: Thank you very much. In fact we are releasing the information right now. As a matter of fact, for the time being, there are 128 diseased individuals that we discovered, including 108 bodies we removed from the scene and four who passed away in the hospital. There are 16 burned bodies that are still inside the building. In fact, our Police, as a special team, they are going to deal with all the missing persons or identities of the deceased. Maybe we can repeat the phone number. You can make a call with the phone number.

Acting Commissioner of Police: We have set up a Casualty Enquiry Unit and a hotline. The hotline number is 1878 999, 1878 999. Thank you.

Reporter: (Inaudible)

Secretary for Security: I think we need time to get all the details. As I said, even some of the deceased we cannot fully identify. At an appropriate time, when we gather all the information, we are happy to release all the information that the public is concerned about. There is nothing the Government is unwilling to release.

(Please also refer to the Chinese portion of the remarks.)

Proposed road improvement works at Sha Po, Yuen Long gazetted

Source: Hong Kong Government special administrative region – 4

The Government gazetted today (November 28) the proposed road works at Sha Po, Yuen Long, to serve the proposed comprehensive development project and improve the traffic facilities in that area.

Details of the proposal are set out in the Annex. The plan and scheme of the works are available for public inspection at the following government offices during office hours:

Central and Western Home Affairs Enquiry Centre,
G/F, Harbour Building, 
38 Pier Road, Central, Hong Kong

Yuen Long Home Affairs Enquiry Centre,
G/F, Yuen Long District Office Building,
269 Castle Peak Road, Yuen Long, New Territories

District Lands Office, Yuen Long,
9/F, Yuen Long Government Offices,
2 Kiu Lok Square, Yuen Long, New Territories

The gazette notice, scheme, plan and location plan are available at www.tlb.gov.hk/eng/publications/transport/gazette/gazette.html.

Any person who wishes to object to the works or the use, or both, is required to address to the Secretary for Transport and Logistics an objection in writing, which can be submitted via the following means:
 

  • By post or by hand to the Transport and Logistics Bureau’s Drop-in Box No. 6 located at the entrance on 2/F, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong. The box is available for use between 8am and 7pm from Monday to Friday (except public holidays);
  • By fax to 2868 4643; or
  • By email to gazettetlb@tlb.gov.hk.

A notice of objection should describe the objector’s interest and the manner in which he or she alleges that he or she will be affected by the works or the use. Objectors are requested to provide contact details to facilitate communication. A notice of objection should be delivered to the Secretary for Transport and Logistics not later than January 27, 2026.

CFS announces food safety report for October

Source: Hong Kong Government special administrative region – 4

The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (November 28) released the findings of its food safety report for last month. The results of about 6 600 food samples tested (including food items purchased online) were found to be satisfactory except for eight unsatisfactory samples that were announced earlier. The overall satisfactory rate was 99.9 per cent.

A CFS spokesman said that about 1 600 food samples were collected for microbiological tests, and about 5 000 samples were taken for chemical and radiation level tests.

The microbiological tests covered pathogens and hygiene indicators; the chemical tests included testing for pesticides, preservatives, metallic contaminants, colouring matters, veterinary drug residues and others; and the radiation-level tests included testing for radioactive caesium and iodine in samples collected from imported food from different regions.

The samples comprised about 2 200 samples of vegetables and fruit and their products; about 400 samples of cereals, grains and their products; about 900 samples of meat and poultry and their products; about 800 samples of milk, milk products and frozen confections; about 900 samples of aquatic and related products; and about 1 400 samples of other food commodities (including beverages, bakery products and snacks).

The eight unsatisfactory samples comprised two green radish samples, a sweet potato sample and a beetroot sample detected with pesticide residues exceeding the legal limits; two ice cream samples and a raw milk sample detected with coliform bacteria counts exceeding the legal limits; and a bottled preserved bean curd sample found with excessive Bacillus cereus.

The CFS has taken follow-up actions on the above-mentioned unsatisfactory samples, including informing the vendors concerned of the test results, instructing them to stop selling the affected food items, and tracing the sources of the food items in question.

The spokesman reminded the food trade to ensure that food is fit for human consumption and meets legal requirements. Consumers should patronise reliable shops when buying food and maintain a balanced diet to minimise food risks.

Separately, in response to the Japanese Government’s discharge of nuclear-contaminated water at the Fukushima Nuclear Power Station, the CFS will continue enhancing the testing on imported Japanese food, and make reference to the risk assessment results to adjust relevant surveillance work in a timely manner. The CFS will announce every working day on its dedicated webpage (www.cfs.gov.hk/english/programme/programme_rafs/daily_japan_nuclear_incidents.html) the radiological test results of the samples of food imported from Japan, with a view to enabling the trade and members of the public to have a better grasp of the latest safety information.

EDB provides subsidy and support for schools in response to No. 5 alarm fire in Tai Po

Source: Hong Kong Government special administrative region – 4

     An Education Bureau (EDB) spokesman today (November 28) said that, in view of the serious impact of the No. 5 alarm fire at Wang Fuk Court in Tai Po earlier this week, the EDB will provide a Special Incident Assistance Grant for schools in Tai Po District, continuing its full support for affected students and parents.

To support schools and students to cope with the incident, the EDB will offer $100,000 to each primary and secondary school (including special schools) and $50,000 to each kindergarten in Tai Po District under the Special Incident Assistance Grant. Schools may flexibly deploy the Grant to provide students, teachers and parents with appropriate assistance, which includes providing psychological counseling services and purchasing learning-related items for affected students.

In addition, the Hong Kong Jockey Club, with assistance of schools, will offer $5,000 to each affected student through the Jockey Club Emergency Relief Fund to address their immediate learning needs, mitigating the impact of the incident on them.

The EDB will hold five online seminars on psychological support for special incidents (Chinese only) tomorrow (November 29) and on Sunday (November 30) for teachers and parents to assist school personnel and parents in taking care of students/children with traumatic experiences. Speakers include a psychiatrist, a psychologist and a social worker. For details of the seminars (Chinese only), please visit the “Mental Health@School” website (mentalhealth.edb.gov.hk).

If any school premises was damaged due to the fire, the EDB will provide repair services through emergency repair works as soon as possible to ensure its safety.

Educational psychologists and officers of the District School Development Sections of the EDB will continue to maintain close contact with the schools and provide necessary assistance.

Import of poultry meat and products from District of Anhalt-Bitterfeld of State of Sachsen-Anhalt in Germany suspended

Source: Hong Kong Government special administrative region – 4

     The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (November 28) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in the District of Anhalt-Bitterfeld of the State of Sachsen-Anhalt in Germany, the CFS has instructed the trade to suspend the import of poultry meat and products, including poultry eggs, from the area with immediate effect to protect public health in Hong Kong.

     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 60 tonnes of frozen poultry meat from Germany in the first nine months of this year.

     “The CFS has contacted the German authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

Record of discussion of meeting of Exchange Fund Advisory Committee Currency Board Sub-Committee held on October 20

Source: Hong Kong Government special administrative region – 4

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

(Approved for issue by the Exchange Fund Advisory Committee by circulation)

Report on Currency Board Operations (June 21 – October 8, 2025)
—————————————————————————

The Currency Board Sub-Committee (Sub-Committee) noted that the Hong Kong dollar (HKD) traded within a range of 7.7705 – 7.8500 against the US dollar (USD) during the review period. The HKD stayed close to the weak-side Convertibility Undertaking (CU) between mid-June and mid-August, and the weak-side CU was triggered 12 times during the review period. With the HKMA buying HK$119.95 billion under the weak-side CU, the Aggregate Balance fell correspondingly to around HK$54 billion. Since mid-August, the HKD had strengthened as short-term HKD interbank rates (HIBORs) firmed and net buying flows through Southbound Stock Connect continued. While HIBORs generally tracked their USD counterparts under the Linked Exchange Rate System, they were also influenced by the local supply and demand of HKD funding. Amid the reduction in the Aggregate Balance, HIBORs picked up since mid-August and the negative HKD-USD interest rate spread narrowed. Meanwhile, following the decrease in the target range for the US federal funds rate in mid-September, many banks reduced their Best Lending Rates by 12.5 basis points, and the Best Lending Rates in the market ranged from 5.125 per cent – 5.625 per cent at the end of the review period. No abnormality was noted in the usage of the Discount Window. Overall, the HKD exchange and interbank markets continued to trade in a smooth and orderly manner.

The Sub-Committee noted that the Monetary Base decreased to HK$2,020.69 billion at the end of the review period. In accordance with the Currency Board principles, all changes in the Monetary Base had been fully matched by changes in foreign reserves.

The Report on Currency Board Operations for the review period is at Annex.

Monitoring of Risks and Vulnerabilities
——————————————-
The Sub-Committee noted that the US economy showed signs of softening amid higher tariffs, with inflation rising on the one hand and labour demand losing momentum on the other. Meanwhile, market concerns over fiscal and policy developments had affected long-term US Treasury bond yields. The recent US government shutdown added further uncertainty to the US economic outlook. While Asia recorded resilient growth in the first half of 2025, lingering trade policy uncertainty and the potential effects of direct and indirect US tariffs on the broader region would continue to weigh on Asia’s integrated supply chain networks.

The Sub-Committee noted that in the Chinese Mainland, growth momentum moderated in Q3. The near-term economic outlook was clouded by various uncertainties and risks, such as additional tariffs and their repercussions on global trade, as well as renewed softness in the local housing market.

The Sub-Committee noted that in Hong Kong, the economy maintained solid growth in Q2 on the back of strong exports performance and improved domestic demand. Looking ahead, the Hong Kong economy was expected to sustain moderate growth, driven by various factors such as government support, the Mainland’s economic stimulus measures, and stabilising asset markets. The housing market stabilised further alongside strengthened market sentiment, whereas the commercial real estate markets continued to face challenges of high vacancy rates.

Updates on Interbank Liquidity and Interbank Interest Rates
——————————————————————–

The Sub-Committee received an update on the relationship between HKD interbank liquidity and interbank interest rates, incorporating recent market observations and insights.

Government’s financial results for seven months ended October 31, 2025

Source: Hong Kong Government special administrative region

     The Government announced today (November 28) its financial results for the seven months ended October 31, 2025. 

     Expenditure and revenue from April to October 2025 amounted to HK$438.9 billion and HK$292.4 billion respectively, resulting in a deficit of HK$56.8 billion after taking into account HK$116.6 billion received from issuance of Government Bonds and repayment of HK$26.9 billion principal on Government Bonds.

     A Government spokesperson said that the deficit for the period was mainly due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.

     The fiscal reserves stood at HK$597.5 billion as at October 31, 2025.

     Detailed figures are shown in Tables 1 and 2.

TABLE 1. CONSOLIDATED ACCOUNT (Note 1)
 

  Month ended
October 31, 2025
HK$ million
Seven months ended
October 31, 2025
HK$ million
Revenue 57,189.6 292,463.7
Expenditure (65,685.3) (438,915.0)
     
Deficit before issuance
and repayment of
Government Bonds
(8,495.7) (146,451.3)
     
Proceeds received from
issuance of
Government Bonds
55,000.0 116,555.8
     
Repayment of
Government Bonds*
(75.9) (26,875.0)
     
Surplus/(Deficit) after issuance
and repayment of
Government Bonds
46,428.4 (56,770.5)
     
Financing    
      Domestic    
          Banking Sector (Note 2) (46,384.4) 53,214.3
          Non-Banking Sector (44.0) 3,556.2
      External
                           
Total (46,428.4) 56,770.5
* Being repayment of principal on Government Bonds and does not include the associated interest and other expenses.

Government Debts as at October 31, 2025 (Note 3)
    HK$392,275 million
Debts Guaranteed by Government as at October 31, 2025 (Note 4)
    HK$115,706 million

TABLE 2. FISCAL RESERVES
 

  Month ended
October 31, 2025
HK$ million
Seven months ended
October 31, 2025
HK$ million
Fiscal Reserves at start of period 551,117.9 654,316.8
Consolidated Surplus/(Deficit) after
issuance and repayment of
Government Bonds
46,428.4 (56,770.5)
     
Fiscal Reserves at end of period
(Note 5)
597,546.3 597,546.3

Notes:

1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at October 31, 2025, was HK$170,157 million.

2. Includes transactions with the Exchange Fund and resident banks.

3. The Government Debts, with proceeds credited to the Capital Works Reserve Fund, comprise:
 
(i) the Green Bonds (equivalent to HK$192,217 million as at October 31, 2025) issued under the Government Sustainable Bond Programme. They were denominated in US dollars (US$10,950 million with maturity from January 2026 to January 2053), euros (5,580 million euros with maturity from February 2026 to November 2041), Renminbi (RMB32,000 million with maturity from February 2026 to July 2054) and Hong Kong dollars (HK$22,000 million with maturity from February 2026 to October 2026);
 
(ii) the Infrastructure Bonds (equivalent to HK$90,623 million as at October 31, 2025) issued under the Infrastructure Bond Programme. They were denominated in Renminbi (RMB31,250 million with maturity from December 2025 to June 2055) and Hong Kong dollars (HK$56,480 million with maturity from November 2025 to June 2055); and
 
(iii) the Silver Bonds with nominal value of HK$109,435 million (with maturity in October 2027 and October 2028 and may be redeemed before maturity upon request from bond holders) issued under the Infrastructure Bond Programme.
 
     They do not include the outstanding bonds with nominal value of HK$124,262 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,770 million as at October 31, 2025) issued under the Government Bond Programme with proceeds credited to the Bond Fund. Of these bonds under the Government Bond Programme (including Silver Bonds with nominal value of HK$53,762 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$77,162 million will mature within the period from November 2025 to October 2026, and the rest within the period from November 2026 to May 2042.
 
4. Includes guarantees provided under the SME Loan Guarantee Scheme launched in 2001, the Special Loan Guarantee Scheme launched in 2008, the SME Financing Guarantee Scheme launched in 2012, and the Loan Guarantee Scheme for Cross-boundary Passenger Transport Trade, the Loan Guarantee Scheme for Battery Electric Taxis and the Loan Guarantee Scheme for Travel Sector launched in 2023.

5. Includes HK$249,817 million, being the balance of the Land Fund held in the name of “Future Fund”, for long-term investments up to December 31, 2030. The Future Fund also includes HK$4,800 million, being one-third of the actual surplus in 2015-16 as top-up.

Monetary Statistics for October 2025

Source: Hong Kong Government special administrative region – 4

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

According to statistics published today (November 28) by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.4 per cent in October 2025. Among the total, Hong Kong dollar deposits and foreign currency deposits decreased by 0.9 per cent and 0.1 per cent respectively in October, mainly reflecting fund flows of corporates. In the year to end-October, total deposits and Hong Kong dollar deposits increased by 9.7 per cent and 3.1 per cent respectively. Renminbi deposits in Hong Kong decreased by 0.6 per cent in October to RMB996.2 billion at the end of October. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,006.6 billion in October, compared with RMB1,123.2 billion in September. 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 0.7 per cent in October, while increased by 0.9 per cent in the year to end-October. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.9 per cent and 0.2 per cent respectively in October. The Hong Kong dollar loan-to-deposit ratio remained virtually unchanged at 73.6 per cent at the end of October, as Hong Kong dollar loans and Hong Kong dollar deposits decreased at a similar pace.
 
Hong Kong dollar M2 and M3 both decreased by 0.6 per cent in October, while both increased by 3.5 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 1.7 per cent in October, and increased by 12.2 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both decreased by 0.3 per cent in October. Compared to a year earlier, total M2 and total M3 both increased by 10.6 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.