Hong Kong's total deposits with authorized institutions rose 3.8 percent in February, with the Hong Kong dollar rising 7.1 percent and foreign currency deposits 0.1 percent, Hong Kong Monetary Authority said Friday.

Within foreign currency deposits, Renminbi deposits grew 0.3 percent to 22.6 billion yuan (2.82 billion U.S. dollars).

Total loans and advances grew 5.4 percent, with loans for use inside and outside Hong Kong rising by 6 percent and 0.8 percent respectively.

Analyzed by currency, Hong Kong dollar loans rose while foreign currency loans fell. As Hong Kong dollar deposits expanded more than Hong Kong dollar loans, the loan-to-deposit ratio fell marginally to 82.1 percent.

On a seasonally adjusted basis, Hong Kong dollar M1 fell 0.9 percent in February and 13.6 percent from a year earlier. Unadjusted Hong Kong dollar M2 and M3 both rose 6 percent during the month, and 12.3 percent and 12.4 percent on a year-on-year comparison.

Source: Xinhua