Total deposits with authorised institutions rose by 0.2% last month, the Monetary Authority said today.

Hong Kong-dollar deposits fell 0.5% while foreign-currency deposits expanded by 0.8%. Accounting for around 2.1% of foreign-currency deposits, renminbi deposits climbed by 1.4% to RMB56.7 billion by the end of last month.

Total loans and advances grew 0.1%, while loans for use in Hong Kong fell 0.4% and those for use outside Hong Kong rose by 2.5%. The Hong Kong-dollar loan-to-deposit ratio remained stable at 70.8%.

Seasonally adjusted Hong Kong-dollar M1 rose by 2.7% and compared to a year ago, has gone up by 39.8%. Unadjusted Hong Kong-dollar M3 declined by 0.5% last month but expanded by 13.3% on the same month last year.