Hong Kong M3 Money Supply YoY
Published:
Annual growth in Hong Kong dollar M3 money supply, published by the HKMA.
Full explanation
Hong Kong M3 Money Supply YoY is the annual percentage growth in Hong Kong dollar M3 money supply, published monthly by the Hong Kong Monetary Authority (HKMA). HK$ M3 includes currency held by the public and Hong Kong dollar deposits with authorized institutions, plus certain negotiable certificates of deposit. The calendar lists it as 'M3 Money Supply', but the value shown is the year-on-year growth rate, not the amount of money.
Why traders watch it
Hong Kong dollar money growth reflects liquidity in the currency-board system and capital flows.
Stronger vs weaker outcomes
Faster growth than expected points to looser monetary and credit conditions and can support expectations of firmer activity or inflation; slower growth points the other way.
A higher reading means Hong Kong dollar broad money grew faster over the past year.
A lower reading means it grew more slowly.
Higher means faster; lower means slower.
Release details
- Release frequency
- Monthly (end of the following month)
- Published by
- HK
Typical volatility
Low. The figure is a growth rate even though the event name lacks 'YoY'. It refers to HK$ M3, not total M3 including foreign-currency deposits.
Trading considerations
- Read alongside HKMA deposit and loan figures.
Educational guidance only — never a trading signal or recommendation.
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