v3.25.1
LOANS TO CUSTOMERS, NET
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
LOANS TO CUSTOMERS, NET

 

6. LOANS TO CUSTOMERS, NET

 

   2023   2024   2024 
   As of December 31, 
   2023   2024   2024 
   HKD’000   HKD’000   US$’000 
             
Margin loans   45,421    25,418    3,272 
Less: allowance for expected credit losses   (10,944)   (9,517)   (1,225)
Total   34,477    15,901    2,047 

 

The movement of the allowance for expected credit losses was as follows:

 

   2023   2024   2024 
   As of December 31, 
   2023   2024   2024 
   HKD’000   HKD’000   US$’000 
             
Balance at the beginning of year   -    10,944    1,409 
Charged (credited) to consolidated statements of loss and comprehensive loss   10,944    (1,427)   (184)
Balance at the end of the year   10,944    9,517    1,225