Interactive Map

Hong Kong (China)

Many countries start credit information sharing with a small base of data—negative only or late payment and collections for instance. Over time, they come to realize that great social and economic gains can be derived from the inclusion of additional data sets in the credit information sharing system. Some progress incrementally, while others move forward in great leaps. In Hong Kong, an incremental approach was applied. To assist the Monetary Authority in their decision-making process, PERC undertook the following:

  • Generated and delivered original research on the value of including fully reported residential mortgage payment data in consumer credit reports; and,
  • Advised senior Monetary Authority officials on range of consumer credit reporting issues.