PROSPECTS AND OPPORTUNITIES
Credit-seeking younger generations as key growth driver
Hong Kong's consumer credit landscape is slowly transforming amidst an uncertain economic climate, compelling individuals to seek out credit and loan products to safeguard their financial stability. Consumers are becoming increasingly keen to access financial options to navigate the current volatile economic environment.
Balance between utilising data for personalisation and ensuring data privacy is key moving forward
An increasing number of channels and services support digital payments, and online transactions have become a daily habit of Hong Kong’s consumers. With the rising online trend for transactions, there are increasing concerns over online fraud at the same time.
Digital banks play increasingly important role in consumer financial services
Digital banks in Hong Kong are growing steadily, and the market's acceptance of them is gradually increasing. Digital banks can use technology to provide customers with more personalised and convenient services, allowing customers to enjoy more value-for-money choices.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in Hong Kong, China?
- What are the major trends key to understanding Consumer Credit in Hong Kong, China?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Local consumers exhibit a robust appetite for borrowing
Digital banks drive innovation in consumer credit capabilities
Credit-seeking younger generations as key growth driver
Balance between utilising data for personalisation and ensuring data privacy is key moving forward
Digital banks play increasingly important role in consumer financial services
Consumer Lending in Hong Kong, China - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Weak performance for gross lending under mortgages/housing
Small personal loans are led by financial service providers
What next for consumer lending?
DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!