Catherine Choi, head of credit cards and personal loan business at Tai Sang Bank (02356.HK), stated that as the interest rate reduction cycle begins, coupled with a series of measures to boost the economy in the mainland, boosting consumption and bullish market sentiment in general, Tai Sang Tax Express is promoting the Cash is King concept this year, offering ultra-low effective annual interest rates as low as 1.38%, expecting to drive double-digit growth in borrowing this year. She also noted that credit card business in October had a promising performance.

In addition, Dang Zijian, General Manager of Tai Sang Bank and Deputy Director of Retail Banking, expects that if the Federal Reserve cuts interest rates next week, Hong Kong may follow suit and lower interest rates, expecting a decrease of 25 to 50 basis points this year, with a possible 50 basis point cut next year.