Hong Kong Monetary Authority: Total credit card receivables in the third quarter fell by 0.6% to HK$150.3 billion.

On November 15th, the Hong Kong Monetary Authority released the results of the credit card lending survey for the third quarter of 2024. The data showed that after a 0.2% decrease in the previous quarter, the total amount of credit card receivables fell by 0.6% to HK$150.3 billion at the end of September 2024. The delinquency and restructuring ratio was 0.40% as of the end of September 2024, up from 0.39% at the end of the previous quarter. The credit card quarterly default rate remained at 0.58%.