logo

Hong Kong Credit Card Lending Declines in Q1 2025, Says HKMA

By: blockchain news|2025/05/16 09:30:06
0
Share
copy
The Hong Kong Monetary Authority (HKMA) has released its credit card lending survey results for the first quarter of 2025, revealing a notable decline in credit card lending. According to the HKMA, total card receivables dropped by 5.8% to HK$152.8 billion by the end of March 2025. This downturn follows a significant increase of 7.9% in the previous quarter, driven largely by festive spending and salaries tax payments. Fluctuating Economic Indicators The report highlights an increase in the combined delinquent and rescheduled ratio, which rose to 0.42% at the end of March 2025 from 0.40% in the previous quarter. Additionally, the quarterly charge-off ratio saw a slight rise to 0.61% from 0.57% in the last quarter of 2024. Despite these increases, the charge-off ratio remains relatively low, indicating a stable credit environment. Contextual Economic Factors This decline in credit card lending could be influenced by various economic factors, including consumer spending patterns and fiscal policies. The previous quarter's growth was attributed to seasonal spending, suggesting that such fluctuations may be typical in the Hong Kong credit market. Furthermore, the slight rise in delinquency and charge-off ratios might reflect cautious consumer behavior amid potential economic uncertainties. For further details, the HKMA's official announcement can be accessed on their website . hong kong credit card lending hkma

You may also like

Morning News | NYSE parent company invests in OKX; Morgan Stanley provides $500 million loan to Core Scientific; Western Union partners with Crossmint to launch stablecoin USDPT

March 5 Market Important Events Overview

These former crypto builders have transitioned to the hottest AI projects globally

From Crypto to AI: The once smartest and most restless group in the crypto world is quietly reshaping the power landscape of artificial intelligence.

Ethereum Overhaul 2026 Blueprint, this time to abandon "gradualism"

Standing at the historical turning point of "not advancing is retreating," the past gentle incremental iterations may no longer support Ethereum's vision of becoming the global settlement layer. This time, there is little time left for Ethereum's slow progress.

What Is OpenClaw? How AI Agents Could Change Crypto Exchange Trading

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

Ethereum 2029 Strawmap Guide: Ultra-Fast Consensus, Native Privacy, and the "Acceleration Variables" Brought by AI

Understanding Ethereum 2029 "Sketch": 7 Upgrades, 5 Major Goals, and a "Theseus's Ship" Style Reconstruction.

Altcoin ETF Surge: SOL and XRP Inflows Total $23 Million as Institutions Diversify

Key Takeaways Institutional interest in altcoin ETFs is expanding, with SOL and XRP showing significant inflows on March…

Popular coins

Latest Crypto News

11:44

Report: The use of cryptocurrency to evade sanctions surged by 700% in 2025

According to CoinDesk, Chainalysis' latest report shows that in 2025, cryptocurrency-related illegal activities linked to sanctions surged, with sanctioned entities receiving at least $104 billion in cryptocurrency, a 700% increase from 2024, driving the total illegal on-chain transaction volume for...
11:44

Vitalik calls on the Ethereum community to shift their mindset, adhere to core principles, and rethink application design from scratch

Ethereum founder Vitalik stated, "I think it's a good thing for the Ethereum community to have a bolder and more open mindset, especially regarding the application layer and how we view our place in the world. We should not compromise on core attributes: censorship resistance, open source, privacy, ...
11:44

Data: The largest long position on Hyperliquid for BTC is only $729 away from the liquidation price, with a position value of $52 million

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest long position on Hyperliquid for BTC is only $729 away from the liquidation price.Currently, it holds 731.73 BTC in a 40x long position, with a position value of $52 million, an opening price of $71,441, and a liquidation price of $70,2...
11:44

The Yemeni Houthi armed group claims to "fully support" Iran and is ready to join the battle at any time

Yemen's Houthi leader Abdul-Malik al-Houthi stated on the evening of the 5th that the organization "fully supports" Iran and is prepared to take action if the situation develops.
11:44

Data: A certain whale sold 4,000 ETH on-chain 1 hour ago, worth 8.309 million USD

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that built a position of $14.54 million in ETH on February 26 is now reducing its holdings.This address sold 4,000 ETH (worth $8.309 million) on-chain one hour ago at an average price of $2,077.39. The whale's entry price was $2,075.45 a we...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com