A Hong Kong market update with Dr Francis Lau

<p>Hong Kong is a small market, smaller still in the shadow of the Chinese Mainland market which we explored in <a href='https://www.howtolendmoneytostrangers.show/episodes/episode-04'>episode 4 of How to Lend Money to Stranger</a>s. That said, its high concentration of low-risk/ high-income consumers make it a useful training ground for lenders looking to target prime and better customers.</p> <p>In this thirteenth episode 13 of HTLMTS I speak to <a href='https://www.linkedin.com/in/francis-lau-phd-cfa-frm-a11b331a/'>Dr Francis Lau</a> about the strength of the residential housing market post-COVID, about the emergence of virtual banks, and the growing line of competitors for credit card issuers.</p> <p>The KPMG report on Hong Kong banking which Francis referenced can be downloaded <a href='https://assets.kpmg/content/dam/kpmg/cn/pdf/en/2021/06/hong-kong-banking-report-2021.pdf'>here</a>, while the HKMA’s <a href='https://www.hkma.gov.hk/eng/news-and-media/press-releases/2021/09/20210930-6/'>mortgage numbers can be found here</a> and their <a href='https://www.hkma.gov.hk/eng/news-and-media/press-releases/2021/06/20210618-5/#:~:text=The%20total%20number%20of%20credit%20card%20transactions%20was%20220.23%20million,the%20same%20period%20in%202020.'>payment card numbers can be found here</a>.</p> <p>You can also find out more about me on <a href='https://www.linkedin.com/in/brendanlegrange/'>my LinkedIn page, here</a></p> <p>If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me at <a>brendan@howtolendmoneytostrangers.show</a></p> <p>A full written transcript with timestamps can be found on <a href='https://www.howtolendmoneytostrangers.show/episodes/episode-12'>HowtoLendMoneytoStrangers.Show</a></p>