T&S Asset Management

Hong Kong

Hong Kong capped licensed money lenders' debt servicing ratios for low-income borrowers at 35%–40% from August 2026; banks' classified loan ratio was 1.82% at end-June 2026.

Last updated
30 Sep 2026
Latest data as of
17 Sep 2026
Classified loan ratio (banks)
Press reports differ on whether the ratio covers all authorized institutions or retail banks.
1.82%down from 1.87% at end-March 202630 Jun 2026 · The Standard (2026-09-28), reporting HKMA banking-sector figures for 2026Q2
Household debt to GDP88.9%87.8% in Q4 202531 Mar 2026 · BIS total credit statistics, series Q.HK.H.A.M.770.A
HKMA Base Rate
The HKMA press release could not be read directly.
4.25%up 25 bp from 4.00%17 Sep 2026 · on.cc (2026-09-17), reporting the HKMA announcement
Household credit to GDP (BIS) (%)
0255075100902024Q288.82024Q387.82024Q487.52025Q187.62025Q287.72025Q387.82025Q488.92026Q1
Household credit to GDP (BIS) (%)
2024Q290
2024Q388.8
2024Q487.8
2025Q187.5
2025Q287.6
2025Q387.7
2025Q487.8
2026Q188.9

Credit to households and non-profits from all sectors at market value / GDP, BIS total credit statistics, adjusted for breaks (Q.HK.H.A.M.770.A) · Source: BIS total credit statistics, series Q.HK.H.A.M.770.A

Key indicators and definitions

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Compilers differ; compare like with like.
IndicatorValueDefinition and scopeBasis dateSourceDefinition and source
Classified loan ratio (banks)1.82%
Press reports differ on whether the ratio covers all authorized institutions or retail banks.
down from 1.87% at end-March 2026		Classified loans / total loans, grossHong Kong banking sector (HKMA), as reported30 Jun 2026The Standard (2026-09-28), reporting HKMA banking-sector figures for 2026Q2
Definition and source

Classified loans / total loans, gross

Scope: Hong Kong banking sector (HKMA), as reported

Source: The Standard (2026-09-28), reporting HKMA banking-sector figures for 2026Q2

Household debt to GDP88.9%87.8% in Q4 2025Credit to households and non-profits from all sectors / GDP (BIS, adjusted for breaks)All lenders31 Mar 2026BIS total credit statistics, series Q.HK.H.A.M.770.A
Definition and source

Credit to households and non-profits from all sectors / GDP (BIS, adjusted for breaks)

Scope: All lenders

Source: BIS total credit statistics, series Q.HK.H.A.M.770.A

HKMA Base Rate4.25%
The HKMA press release could not be read directly.
up 25 bp from 4.00%		Base Rate of the Discount Window, set by a pre-set formulaHong Kong Monetary Authority17 Sep 2026on.cc (2026-09-17), reporting the HKMA announcement
Definition and source

Base Rate of the Discount Window, set by a pre-set formula

Scope: Hong Kong Monetary Authority

Source: on.cc (2026-09-17), reporting the HKMA announcement

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