HONG KONG, Nov. 30 (Xinhua) -- Hong Kong's total deposits with authorized institutions rose 8.2 percent in October, Hong Kong Monetary Authority said on Friday.

Hong Kong dollar deposits grew 9.5 percent, while foreign- currency deposits rose 6.7 percent, the authority said.

Hong Kong dollar demand deposits rose 11.9 percent, reflecting vibrant initial public offering activities. Renminbi deposits grew 2.7 percent to 28.3 billion yuan.

According to the figure released by the authority, total loans and advances rose 4.8 percent as both Hong Kong dollar and foreign- currency loans increased. Loans for use in Hong Kong rose 5.3 percent, while those for outside Hong Kong rose 2 percent. The Hong Kong dollar loan-to-deposit ratio edged down to 70.2 percent at the end of October.

On a seasonally adjusted basis, Hong Kong dollar M1 grew 8.2 percent in October and 20.2 percent from a year earlier, the authority said.