The Hong Kong Monetary Authority (HKMA) announced on the 30th that the total deposits of authorized institutions increased by 0.6% month on month in July, with Hong Kong dollar deposits and foreign currency deposits rising by 0.2% and 0.9% respectively. According to data from the Hong Kong Monetary Authority, RMB deposits in Hong Kong fell 0.4% month on month to RMB 1057.5 billion in July. The total amount of RMB remittances for cross-border trade settlement in July was RMB 128.15 billion, an increase from RMB 1260.8 billion in June. The Hong Kong Monetary Authority stated that changes in deposits are influenced by multiple factors, including interest rate trends, market fundraising activities, etc. Therefore, it is appropriate to observe longer-term trends without overinterpreting individual month fluctuations. The Hong Kong Monetary Authority stated that the Hong Kong dollar money supply M2 and M3 both increased by 0.3% month on month and 2.0% year-on-year in July. The seasonally adjusted Hong Kong dollar money supply M1 increased by 2.8% month on month and decreased by 3.0% year-on-year, partially reflecting investment related activities. (New Society)