In the second quarter of 2025, the total amount of outstanding debt on credit cards issued in Hong Kong fell to $19.03billion(HK$149 billion).

This represents a 2.5% decrease from the previous quarter, a slower decline compared to the 5.8% drop seen in the first quarter of the year.

The data from the Hong Kong Monetary Authority (HKMA) also showed a slight increase in cardholders struggling to pay their debt:

• The delinquency and rescheduled ratio rose to 0.45% at the end of June, up from 0.42% in March.

• The quarterly charge-off ratio, which measures uncollectible debt, also increased to 0.64% from 0.61% the previous quarter.