Receivables

The Hong Kong Monetary Authority (HKMA) has released its latest findings from the credit card lending survey for the third quarter of 2025, revealing a significant upturn in card receivables. According to the report, total card receivables increased by 1.4% to HK$151.0 billion by the end of September 2025. This marks a notable recovery from the previous quarter, where there was a decline of 2.5%.

Stable Delinquency and Charge-off Ratios

Despite the fluctuations in receivables, the combined delinquent and rescheduled ratio remained steady at 0.45% by the end of September. Similarly, the quarterly charge-off ratio was unchanged at 0.64%, indicating a stable credit environment for cardholders and lenders alike.

Contextual Analysis

This growth in credit card receivables suggests a rebound in consumer spending and credit activity in Hong Kong. Analysts often regard such metrics as indicators of economic health, reflecting consumer confidence and financial stability. The steady delinquency and charge-off ratios further reinforce the resilience of the credit market, suggesting that borrowers are managing their credit obligations effectively.

The HKMA’s findings come amidst a broader context of economic recovery as Hong Kong continues to navigate post-pandemic challenges. The increase in credit card activity may also reflect pent-up consumer demand and increased economic activity as restrictions ease and consumer behavior normalizes.

For more detailed insights, the full report is available on the Hong Kong Monetary Authority website.

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