Consumer Lending in Hong Kong, China - New Market Research Report
In 2013, the tightening control on lending market by the Hong Kong government and the relative high loan-to-GDP ratio aroused concerns in loan businesses in Hong Kong. Card lending, non-card lending and mortgage lending all recorded slower growth in 2013 compared to 2012. The consistently low interest rates, uncertainty in the property market, reduced business activities and keen competition in the banking industry were the key factors dampening demand for credit and the slowdown seen in the...
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