Hong Kong Monetary Authority: Total credit card receivables in the first quarter fell 5.8% quarter-on-quarter to HK$152.8 billion.

On May 15, the Hong Kong Monetary Authority announced the results of the credit card lending survey for the first quarter of 2025. After a significant increase of 7.9% in the previous quarter driven by holiday spending and cardholders paying their salary taxes, the total amount of credit card receivables fell by 5.8% in the first quarter of 2025 to HK$152.8 billion as of the end of March. The delinquency and restructuring rate in March 2025 was 0.42%, up from 0.40% at the end of the previous quarter. The quarterly bad debt ratio for credit cards was 0.61%, up from 0.57% at the end of the previous quarter, but remains at a relatively low level.