​

​

As of December 31, 

​

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

(HK$ in thousands)

Margin loans

47,833,365

60,976,139

Other advances (1)

​

1,966,383

​

4,145,503

Subtotal

​

49,799,748

​

65,121,642

Less: Allowance for credit losses (2)

(85,252)

(374,604)

Total

49,714,496

64,747,038

(1)

Stock-pledged loans are included in other advances as of December 31, 2024 and 2025 with a gross amount of HK$1,907,250 thousand and HK$1,907,756 thousand, respectively. Bank loans are included in other advances as of December 31, 2025 with a gross amount of HK$2,203,074 thousand.

(2)

The allowance for credit losses was HK$85,252 thousand and HK$374,604 thousand as of December 31, 2024 and 2025, of which nil and nil relate to stock-pledged loans, respectively.