Hong Kong Q1 2026 Credit Card Receivables Down 3.8%, HKMA Reports
The post Hong Kong Q1 2026 Credit Card Receivables Down 3.8%, HKMA Reports appeared on BitcoinEthereumNews.com. Tony Kim May 15, 2026 09:19 HKMA Q1 2026 survey shows credit card receivables drop to HK$158B, while delinquency ratio edges higher. Seasonal factors remain key drivers. The Hong Kong Monetary Authority (HKMA) released its credit card lending survey results for Q1 2026, revealing a 3.8% decline in total card receivables to HK$158.0 billion as of March 31. This marks a reversal from the 8.7% surge recorded in Q4 2025, which was driven by festive spending and salaries tax payments. Delinquency and rescheduling rates ticked up slightly, with the combined ratio rising to 0.45% at the end of March, compared to 0.40% in the prior quarter. However, asset quality showed resilience, as the charge-off ratio improved to 0.56% from 0.62% in Q4 2025, signaling fewer write-offs during the period. Seasonal Volatility in Focus The decline in receivables aligns with historic