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

16:37 15/11/2024

On November 15th, the Hong Kong Monetary Authority released the results of the credit card lending survey for the third quarter of 2024.

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%.

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100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.