In a notable development for Hong Kong's economy, the M3 money supply surged to 4.5% in November 2025, according to data updated on 31 December 2025. This growth marks a significant increase from the previous month's rate of 3.5%, reported in October 2025.
The M3 money supply is a comprehensive measure of a country's money supply, accounting for the most liquid forms of money, including cash and checking deposits, as well as "near money," which includes savings deposits and other time-related deposits. The escalation in M3 indicates an increase in the amount of money circulating within Hong Kong's economy, which could influence both inflationary pressures and economic growth.
Economists and financial analysts will be closely monitoring this upward trend in the money supply, as it could signal changes in economic policy or shifts in the financial strategies of the city's monetary authorities. The rise to 4.5% is a crucial indicator of financial health and liquidity, potentially impacting everything from consumer spending to the broader economic landscape in the region. The local government and monetary institutions may react to this data to adjust their future financial and economic policy-making.