Total deposits with authorised institutions rose 0.7% in June, with Hong Kong dollar deposits rising 1.5％, more than offsetting the 0.1% fall in foreign-currency deposits.

The Monetary Authority said within foreign-currency deposits, renminbi deposits amounted to 20.9 billion yuan, compared with 19.3 billion yuan in May.

Total loans and advances expanded 1.7% in June, with loans for use in Hong Kong increasing 1.9% and those for use outside rising 0.7%.

Analysed by currency, Hong Kong dollar and foreign-currency loans both recorded a rise. As Hong Kong dollar loans rose more than Hong Kong dollar deposits, the loan-to-deposit ratio edged up to 87.1% in June.

Lending grew in all sectors

Analysed by economic uses, lending grew in almost all sectors on a quarter-on-quarter comparison. In particular, trade financing, loans for stockbrokers and the manufacturing sector registered notable increases.

On a seasonally adjusted basis, Hong Kong dollar M1 fell 0.7% in June, and 6.4% from a year ago.