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

According to the Wise Finance APP, the Hong Kong Monetary Authority released the credit card lending survey results for the first quarter of 2025 on May 15th. The total amount of credit card receivables increased significantly by 7.9% in the previous quarter due to holiday spending and cardholders paying taxes, but decreased by 5.8% in the first quarter of 2025 to HK$152.8 billion at the end of March. The delinquency and restructuring ratio in March 2025 was 0.42%, compared to 0.40% at the end of the previous quarter. The credit card quarterly default rate was 0.61%, compared to 0.57% at the end of the previous quarter, still remaining at a relatively low level.