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November 17, 2025 08:04
The Hong Kong Monetary Authority reports that credit card receivables will increase by 1.4% in the third quarter of 2025, recovering from the previous quarter’s decline.
The Hong Kong Monetary Authority (HKMA) has released the latest results of its credit card lending survey for the third quarter of 2025, revealing a significant increase in card receivables. According to the report, total card receivables increased by 1.4% to HK$151 billion by the end of September 2025. This represents a significant recovery from the previous quarter, which was down 2.5%.
Stable delinquency and charge-off rates
Despite fluctuations in receivables, the combined delinquency and delinquency ratio remained stable at 0.45% at the end of September. Similarly, the quarterly charge-off rate remained unchanged at 0.64%, indicating a stable credit environment for cardholders and lenders alike.
Contextual analysis
This increase in credit card receivables suggests a recovery in consumer spending and credit activity in Hong Kong. Analysts often view these indicators as indicators of economic health, reflecting consumer confidence and financial stability. Stability in delinquency and charge-off rates further strengthens the resilience of credit markets and suggests that borrowers are effectively managing their credit obligations.
The HKMA’s findings were released within the broader context of economic recovery as Hong Kong continues to navigate post-pandemic challenges. The increase in credit card usage may also reflect pent-up consumer demand and increased economic activity as restrictions ease and consumer behavior normalizes.
For further insights, the full report is available on the Hong Kong Monetary Authority’s website.
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