Credit Cards in Hong Kong, China - New Market Report
In March 2012, Hong Kong Association of Banks (HKAB) announced that the banking industry would be implementing the third, and also the last phase of credit card reform measures, aiming to improve consumer protection and better credit card practices. The last batch of reform included the practices of interest rate increases, over-limit transactions, fees and charges, and disclosure of terms and conditions. Measures started to be implemented during 2012. These measures, which require significant...
View full press release