Newsroom Transunion Hong Kong

Concerns Over Financial Hardship Easing for Some Consumers in Hong Kong Despite More Challenging Employment Conditions Brought About by COVID-19

19

May

2020

| 09:03 Asia/Hong_Kong

Latest TransUnion research shows “recovery factor” optimism gaining momentum amongst some consumers amid the promise of relaxation of COVID-19 control measures in Hong Kong While residents are … Read more
Decreased Activity in Consumer Credit Market Driven by Changes in Borrower and Lender Behavior

19

May

2020

| 09:03 Asia/Hong_Kong

Against a backdrop of worsening economic conditions, Hong Kong consumers have curtailed their spending and lenders have tightened their underwriting, which is causing declines in outstanding … Read more
COVID-19 Impacting Consumer Finances Similarly Around the World with Millennials Facing the Greatest Challenge; In Hong Kong three in four concerned with paying bills and loans

04

May

2020

| 09:06 Asia/Hong_Kong

The COVID-19 pandemic is causing similar financial challenges for consumers around the world, but new research indicates that Millennials (those aged 26-40) are being challenged the most. A … Read more
TransUnion Hong Kong Appoints Marie Claire Lim Moore as CEO

17

April

2020

| 09:40 Asia/Hong_Kong

TransUnion (NYSE:TRU), a leading global information solutions provider, today announced the appointment of Marie Claire Lim Moore as CEO of TransUnion Hong Kong, following an extensive search … Read more

More TransUnion Press Release

April

2020

| 08:00 Asia/Hong_Kong

72% of Hong Kong Consumers Say Household Income Negatively Impacted by COVID-19

More than seven in 10 Hong Kong consumers (72%) said their household income has been negatively impacted by the COVID-19 pandemic. The newly released research from TransUnion (NYSE: TRU) found that an additional 10% of Hong Kong adults said they …

April

2020

| 03:31 Asia/Hong_Kong

TransUnion Initiates Phased Relaunch of Enhanced Online Consumer Service in Hong Kong Following Security Enhancements

TransUnion today announced that it will be initiating a phased relaunch of its enhanced online platform in Hong Kong with a group of 5,000 recently active subscribers following a comprehensive review and security enhancements. The online service, …

March

2020

| 05:00 Asia/Hong_Kong

Mortgages Buck Trend and Continue to Grow as Wider Consumer Credit Market Adjusts to Challenging Economic Conditions

Latest results show an increase in mortgage originations and balances, while most other major consumer credit categories saw a reduction in originations or balances, or both Delinquencies still at historically low levels despite increases …

February

2020

| 05:00 Asia/Hong_Kong

Gen Z Consumers Start to Shape Hong Kong Credit Market as They Become Increasingly Credit Active

Well over 200 thousand Hong Kong Gen Z consumers now credit active Credit cards are the most widely held product among credit active Gen Z consumers, followed by revolving loans and personal loans The fastest growing …

December

2019

| 05:00 Asia/Hong_Kong

Macroeconomic Pressures Affecting Hong Kong Consumer Credit Market

The newly-released TransUnion (NYSE: TRU) Q3 2019 Industry Insights Report shows continued growth in the Hong Kong consumer credit market, but with some shifts in demand in lending products. Moreover, despite a deteriorating macroeconomic …

October

2019

| 06:00 Asia/Hong_Kong

Drowning in Data, Financial Services and Insurance Industries Seek Technology and Talent to Close Global Insights Gap

Across the globe, companies are amassing volumes of data with the intent of optimizing performance, identifying trends and meeting rising consumer expectations. Yet nearly 75% of global financial services and insurance executives admit they are …