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Total deposits with authorised institutions fell 0.8% in August, with Hong Kong dollar deposits dropping 0.2%, the Monetary Authority says.
Foreign-currency deposits fell 1.3% while renminbi deposits fell 7.7% to 71.1 billion yuan, accounting for around 2.9% of foreign currency deposits.
Total loans and advances rose 0.6%. Loans for use in Hong Kong rose 0.7% and loans for use outside Hong Kong rose 0.2%. The Hong Kong-dollar loan-to-deposit ratio increased to 83.8%.
Seasonally adjusted Hong Kong-dollar M1 grew 0.5% in August and rose 10.5% over a year earlier. Unadjusted Hong Kong dollar M3 fell 0.1% during the month but rose 0.2% from a year earlier.
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