HKMA Reports Stable Credit Conditions for Hong Kong SMEs in Q2 2025
Felix Pinkston Aug 01, 2025 15:53
The Hong Kong Monetary Authority's survey reveals stable credit conditions for SMEs in Q2 2025, with a slight decline in perceived ease of credit approval.
The Hong Kong Monetary Authority (HKMA) has released its findings from the latest survey on credit conditions for small and medium-sized enterprises (SMEs) during the second quarter of 2025. The survey indicates that credit conditions for SMEs in Hong Kong have remained largely stable, though there are slight shifts in perception regarding banks' credit approval stance.
SMEs' Perceptions of Credit Approval
According to the HKMA survey, 65% of SMEs reported that they perceived the credit approval stance of banks as either "similar" or "easier" compared to six months prior. This marks a decrease from the 75% who felt similarly in the first quarter of 2025. Conversely, 35% of respondents perceived a "more difficult" credit approval stance, a rise from 25% in the previous quarter. However, the HKMA notes that these perceptions may not accurately reflect actual challenges in obtaining credit, as they can be influenced by various external factors.
Existing Credit Lines and New Applications
Regarding existing credit lines, only 1% of SMEs reported a "tighter" stance from banks, a decrease from 5% in the prior quarter. This "tighter" perception can encompass various measures such as reduced credit lines, increased interest rates, or additional collateral requirements.
On the front of new credit applications, 3% of surveyed SMEs applied for new bank credit in Q2 2025. Among those who received outcomes, 67% experienced fully or partially successful applications, a decline from 79% in the first quarter.
Survey Methodology and Considerations
The survey, conducted by the Hong Kong Productivity Council on behalf of the HKMA, involves around 2,500 SMEs across different sectors each quarter. Given the limited sample size, particularly the 16% with existing credit lines and 3% with new applications, the results may be subject to significant fluctuations and should be interpreted cautiously.
The HKMA stresses the importance of considering these findings in conjunction with other economic and financial data, as survey responses can be swayed by external events impacting sentiment.
For a comprehensive view of the survey data, interested parties can access detailed tables and technical information on the Hong Kong Productivity Council's website. The HKMA continues to monitor the evolving credit landscape for SMEs, acknowledging their crucial role in Hong Kong's economic framework.
For more information, visit the Hong Kong Monetary Authority.
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