The Hong Kong Financial Authority (HKMA) has launched its bank card lending survey outcomes for the second quarter of 2025, revealing a notable 2.5% decline in complete card receivables. This determine has dropped to HK$149.0 billion by the top of June, marking a big lower in comparison with the 5.8% discount noticed within the earlier quarter, in line with the Hong Kong Financial Authority.

Delinquency and Cost-Off Ratios

The HKMA’s report additionally highlights a slight enhance within the mixed delinquent and rescheduled ratio, which rose to 0.45% on the finish of June 2025, up from 0.42% on the finish of the primary quarter. Regardless of this uptick, the quarterly charge-off ratio stays comparatively low, growing marginally to 0.64% from 0.61% within the earlier quarter.

Shopper Credit score Tendencies

The lower in bank card receivables may point out a shift in shopper spending and credit score utilization patterns inside Hong Kong’s economic system. This development could also be reflective of broader financial situations or shopper confidence ranges, which might affect bank card utilization and reimbursement habits.

Comparative Evaluation

Compared to regional developments, Hong Kong’s bank card market seems to be experiencing a extra moderated adjustment in shopper credit score actions. Whereas the lower in receivables is important, the comparatively secure delinquency and charge-off ratios counsel that credit score danger stays underneath management.

The HKMA’s findings present precious insights into the present state of shopper credit score in Hong Kong, providing a glimpse into potential financial shifts and shopper habits developments because the yr progresses.

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