Hong Kong residents’ average monthly savings have surpassed HK$10,000 ($1,285) for the first time in eight years, reaching a record HK$10,100 — a 3 percent rise from last year, according to an annual survey released on Wednesday.

The eighth annual “Hongkongers’ Sense of Security in Savings” survey released by the Hong Kong Deposit Protection Board (HKDPB) shows sustained strong saving habits among residents. More than 67 percent of respondents reported regularly saving, while 75 percent said they preferred placing funds in bank savings accounts or time deposits.

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The survey also found that Hong Kong residents’ sense of financial security had increased to 54.3 on a scale of 100 in 2025, up from 53.3 last year and marking the highest level in four years. About 76 percent of respondents rated their security at 50 marks or above, a 2 percentage point increase from last year, while 16 percent scored 80 or higher.

To maintain their current living standard for one year, Hong Kong residents said they believe they need an average of HK$1.02 million in savings to feel sufficiently secure, according to the survey — slightly lower than last year’s HK$1.03 million.

An emerging trend highlighted in the survey is that the most proactive saving behavior is among young respondents. Respondents aged 18 to 29 led all age groups, with 89 percent saving regularly and 32 percent setting annual targets. They saved an average of HK$10,900 monthly, 8 percent above the general public.

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An in-depth poll of parents with at least one child aged 10 or below found nearly 80 percent save HK$12,100 a month, on average — a significant 40 percent increase from five years ago.

“The survey shows Hong Kong residents are keeping up a strong momentum in saving,” said Connie Lau Yin-hing, chairman of HKDPB.

Lau also said that a clearer trend has emerged among the public to adopt prudent and stable saving methods, such as bank deposits.

“We hope that through HKDPB's diverse public awareness campaigns and community education activities, the public will further recognize the importance of saving,” she said.

The survey involved telephone interviews with 1,047 Hong Kong residents aged 18 or above from September to October and an in-depth survey with 301 Hong Kong parents.