Total deposits with authorised institutions rose 0.5% in November, while Hong Kong-dollar deposits saw little change as the rise in savings deposits offset the decline in demand and time deposits, the Monetary Authority says.

Foreign-currency deposits expanded 1% last month. Accounting for 2.2% of foreign-currency deposits, renminbi deposits in Hong Kong grew 5.5% to RMB60.4 billion at the end of the month.

Total loans and advances expanded 1.5%. Loans for use in Hong Kong climbed 1.2% while loans for use outside Hong Kong grew 2.7%. As Hong Kong-dollar loans grew while deposits were stable, the Hong Kong-dollar loan-to-deposit ratio rebounded to 69.9% at the end of November from 69.1% at the end of October.

Seasonally adjusted Hong Kong-dollar M1 grew 0.5% in November and increased 48.9% over last year. Unadjusted Hong Kong-dollar M3 was virtually unchanged during the month, but expanded 14.1% year on year.