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

     The Hong Kong Monetary Authority published today (August 15) the credit card lending survey results for the second quarter of 2017.
 
     Total card receivables increased by 1.0% in the second quarter to HK$117.9 billion at end-June 2017, after declining by 8.9% in the previous quarter.
 
     The combined delinquent and rescheduled ratio edged down to 0.34% at end-June 2017 from 0.37% at the previous quarter-end.
 
     The charge-off amount grew by HK$32 million during the quarter to HK$609 million.  Correspondingly, the quarterly charge-off ratio rose to 0.52% from 0.47% in the previous quarter.

Ends/Tuesday, August 15, 2017
Issued at HKT 16:30

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