TransUnion Q3 2023 Industry Insights

Retail Revival Fuels Surge in Consumer Credit Balances

Sign up to watch for our on-demand webinar covering consumer credit trends revealed in TransUnion’s latest Industry Insights Report (IIR). We reviewed Hong Kong credit product performance in Q3 and discuss:

  • Despite year-over-year decline in new cards issued, utilisation and credit lines grow amidst retail spending revival
  • Revolving line growth mirrors retail recovery while providing an alternative to cards
  • Mortgage expansion aligns with declining property values, with new policies expected to bolster buyer interest

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Download our latest Q3 2023 Industry Insights Report for expert perspectives on current trends.