November saw total deposits with authorised financial institutions rise 1.3%, the Monetary Authority says. Hong Kong dollar deposits climbed 2.2% while foreign-currency deposits nudged up 0.2%.

The authority said renminbi deposits slipped 0.1%, to 22.5 billion yuan.

Total loans and advances were little changed in December, as a decline of 0.5% in loans for use in Hong Kong almost offset an increase of 3.6% in loans for use outside Hong Kong.

Total loans and advances expanded 0.8% in November. Of the total, loans for use in Hong Kong grew 0.6% while those outside Hong Kong rose 2.8%.

Analysed by currency, both Hong Kong dollar lending and foreign currency loans increased. As Hong Kong dollar deposits rose more than loans, the loan-to-deposit ratio fell to 84.4% in November.

On a seasonally-adjusted basis, Hong Kong dollar M1 fell 4.4% in November and 12.6% from a year ago. Unadjusted Hong Kong dollar M2 and M3 both rose 2% during the month, and 6.3% and 6.5% respectively from a year earlier.