The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority published today (November 15) the credit card lending survey results for the third quarter of 2017.

     Total card receivables increased slightly by 0.4% in the third quarter to HK$118.4 billion at end-September 2017, after growing by 1.0% in the previous quarter.

     The combined delinquent and rescheduled ratio edged down to 0.33% at end-September 2017 from 0.34% at the previous quarter-end.

     The charge-off amount declined by HK$32 million during the quarter to HK$577 million.  Correspondingly, the quarterly charge-off ratio decreased to 0.49% from 0.52% in the previous quarter.

Ends/Wednesday, November 15, 2017
Issued at HKT 16:55

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