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Year of the Dog Begins with Emergence of Generation Z in the Hong Kong Consumer Credit Market

05

June

2018

The first quarter of 2018 heralded the emergence of Generation Z, those consumers born 1995 or later, in the Hong Kong consumer credit market. TransUnion’s (NYSE: TRU) newly released Q1 2018 Industry … Read more
TransUnion

Higher Spending in Final Quarter of 2017 Spurs on Hong Kong Consumer Credit Market

06

March

2018

Low levels of credit risk in Hong Kong continued during the final quarter of 2017, alongside especially strong consumer spending. The results were unveiled today as part of TransUnion’s (NYSE: TRU) … Read more
Hong Kong

Millennials and Rising Interest Rates to Likely Impact Next Chapter of Hong Kong Consumer Lending Market

06

December

2017

As 2017 concludes under the premise of a favourable Hong Kong consumer lending environment, two factors will likely have the largest impact on performance in 2018 – Millennials and potential rising … Read more

More Transunion Press Release

September

2018

Credit Cards Led Hong Kong Consumer Credit Market Growth with 20% Year-Over-Year Rise in Originations

Key Findings: Consumer sentiment remains positive despite rising global trade tensions and expected pull back in GDP in H2 2018 YoY card balance growth in Q2 2018 exceeded inflation driven by increased new card originations (grew 20% YoY …

January

2018

TransUnion Appoints Neona Wang Hong Kong CEO

Leading global information solutions provider TransUnion (NYSE: TRU) today announced the appointment of Neona Wang as TransUnion Hong Kong CEO, effective on 1 February. Headquartered in Chicago, TransUnion provides premier global risk and …

November

2017

Wesurance launches Hong Kong’s first insurance app featuring AI and eKYC

Wesurance, a Hong Kong-based InsurTech startup, takes the city’s insurance sector into a new era with the launch of the industry’s first mobile platform for insurance services in partnership with Allied World Assurance Company, Ltd and TransUnion. …

September

2017

Millennials’ Share of Growing Mortgage Market Continues to Rise

While Generation X (Gen X) consumers—born between 1965 and 1979—continue to be the primary drivers of mortgage growth in Hong Kong, Millennials—born between 1980 and 1994—experienced a much sharper rise in mortgage originations in TransUnion’s …

July

2017

Hong Kong Consumers Who Monitor their Credit Reports are 26% More Likely to Improve Credit Risk; Seven Times More Likely to Open New Accounts

High-risk Hong Kong consumers who self-monitor their credit reports—either online or via one of the recently released apps—are 26% more likely to improve their credit risk compared with consumers who do not monitor their own credit reports. These …

May

2017

Hong Kong Consumer Credit Market Maintains Positive Trends in First Quarter of 2017

A new view of the Hong Kong consumer credit environment confirms that the market is healthy and well-functioning, with low levels of delinquency and slowly growing balances. This perspective is provided by TransUnion’s (NYSE:TRU) newly introduced …