The relevant situation and inspiration of professional money lending institutions in Hong Kong
The money lending industry in Hong Kong is strictly regulated by the Money Lenders Ordinance,License application is subject to police background check,The interest rate adopts a two-tier limit structure of 48% and 60%。Moneylender advertisements must display license information,Self-regulatory organizations formulate operating codes to protect consumer rights,Includes credit evaluation、Data Privacy and Debt Collection Practices Code。