According to CoinMeta, the Hong Kong Monetary Authority announced that in July, both the M1 and M2 money supply of the Hong Kong dollar increased by 1.0% compared to the same period last year, with increases of 5.6% and 5.5% respectively. The seasonally adjusted M3 money supply of the Hong Kong dollar decreased by 0.5% compared to the same period last year, partly reflecting investment-related activities. The total money supply (M4) also increased by 1.1% in July, and compared to the same period last year, it increased by 10.2%.