Hong Kong’s card receivables down 5.8% to $19.5b in Q1

Delinquent and rescheduled ratio was 0.42% as of end March 2025.

Total card receivables in Hong Kong declined by 5.8% to $19.57b (HK$152.8b) in the first quarter, according to data from the Hong Kong Monetary Authority (HKMA).

This is a reverse of the 7.9% increase recorded in the previous quarter, which was driven by festive spending and salaries tax payment, it said.

Combined delinquent and rescheduled ratio were 0.42% at end-March 2025, rising from 0.4% in Q4 2024.

Quarterly charge-off ratio was 0.61%, from 0.57% in Q4 2024.

(US$1 = HK$7.81; as of 16 May 2025, Google)