Financial Cards and Payments in Hong Kong, China: New Research Report Available at Fast Market Research
In Hong Kong, GDP growth was modest in 2013 with sluggish external trade and domestic consumption. The operating environment for Hong Kong's banking industry was challenging due to the consistently low interest rates, reduced business activities and intensified competition. It resulted in a lack of consumer confidence and they retained cautious about the economic outlook so the overall spending amount was modest. On the positive side, there are new business opportunities arising from the...
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