Source: Hong Kong Government special administrative region
Monetary statistics for December 2025
Total loans and advances increased by 1.3 per cent in December, and increased by 2.3 per cent for 2025 as a whole. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 1.2 per cent and 1.8 per cent respectively in December. The Hong Kong dollar loan-to-deposit ratio decreased to 72.9 per cent at the end of December from 73.2 per cent at the end of November, as Hong Kong dollar deposits increased at a faster pace than Hong Kong dollar loans.
For the fourth quarter of 2025 as a whole, loans for use in Hong Kong (including trade finance) increased by 0.2 per cent after decreasing by 0.4 per cent in the previous quarter. Analysed by economic use, residential mortgage loans increased, while loans to building, construction, property development and investment decreased.
Hong Kong dollar M2 and M3 both increased by 0.4 per cent in December, and both increased by 4.2 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 2.0 per cent in December, while increased by 11.7 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 1.2 per cent in December. Compared to a year earlier, total M2 and total M3 both increased by 11.6 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.
Issued at HKT 16:30
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