A Hong Kong market update with Dr Francis Lau
How to Lend Money to Strangers
Brendan le Grange
4.9 • 43 Ratings
🗓️ 14 October 2021
⏱️ 27 minutes
🧾️ Download transcript
Summary
Hong Kong is a small market, smaller still in the shadow of the Chinese Mainland market which we explored in episode 4 of How to Lend Money to Strangers. 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.
In this thirteenth episode 13 of HTLMTS I speak to Dr Francis Lau 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.
The KPMG report on Hong Kong banking which Francis referenced can be downloaded here, while the HKMA’s mortgage numbers can be found here and their payment card numbers can be found here.
You can also find out more about me on my LinkedIn page, here
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 brendan@howtolendmoneytostrangers.show
A full written transcript with timestamps can be found on HowtoLendMoneytoStrangers.Show
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Transcript
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| 0:00.0 | Welcome back to How to Lend Money to Strangers. |
| 0:28.7 | The podcast about lending strategies around the world and across the credit life cycle. |
| 0:34.3 | Today we're visiting Hong Kong, a city that's very close to my own heart after I spent |
| 0:39.0 | eight years living there. |
| 0:41.0 | Those eight years ended three years ago and a lot can change in three years, especially |
| 0:45.9 | these last three years. |
| 0:48.3 | So I decided to call in Dr. Francis Lau to give us a more up-to-date overview of the market. |
| 0:53.6 | Dr. Francis has a PhD, a CFA, and a wealth of experience in retail finance in the region. |
| 0:59.6 | And in fact, was my replacement when I left Transunion Hong Kong for the UK office. |
| 1:09.6 | Welcome to the show, Francis. |
| 1:10.6 | Thank you so much for joining me. |
| 1:12.7 | I normally would introduce you as my upgrade at Transunion Hong Kong, but you've also |
| 1:17.5 | recently struck out on your own. |
| 1:19.2 | So would you mind starting the show by just giving us a quick overview of your background |
| 1:23.6 | and the work that you're doing at the moment? |
| 1:26.0 | Thanks to me, talk to you. |
| 1:27.4 | And then I'm Francis Lau. |
| 1:28.7 | I have grown up in Hong Kong, I work in Hong Kong, and also I am familiar with the Asia-Pacific |
| 1:33.4 | market. |
| 1:34.4 | I have been working for about 18 years, mostly focusing in the data analytics area, supporting |
| 1:41.4 | I would say consumer banking, corporate banking, and even the compliance and risk functions. |
| 1:46.3 | I also have a research degree, and I'm now focusing on doing more on the education training |
... |
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