The Hong Kong Monetary Authority has rarely been in business for two consecutive weeks recently.，Concerned about bank loan situation，Especially financial companies (commonly known as Caizi) that the authorities have no control over.，It is suspected that the bank lent money to Cai Zi and then lent it out indiscriminately，Adding to tightened mortgage risks。Ever since the hot move came out，Bank mortgage business is no good。Our investigation found，It turns out that a mortgage model called "sub-mortgage" has recently emerged in the banking industry.。
When the owner mortgages the property to Cai Zai to borrow money,，The wealthy man will bundle a basket of properties in his hand，Re-mortgage to bank to borrow money to expand business，The form is like "press within click"。Among them, Cai Tsai Hong Yip Credit and GIC Global Credit are very aggressive in the property mortgage market.，This kind of "press again"；The behind-the-scenes pumper，It’s Bank of East Asia (23)。In other words, a beautiful detour in East Asia，bypassing the Hong Kong Monetary Authority，The big models are looking for a living in the mortgage market。
Nowadays, Caizai, which is like the "Hong Kong version of shadow banking", has become a commercial practice.，Interesting names，Such as "overlapping water"、"Zuiqionglou" etc.，The office is the rooftop of a tenement building or a dead end corner of a shopping mall.。Is the foundation rich?、Is the finances sound?，Often you won’t find out until you cook it.。
Reporters check Land Registry information，Found some properties that were mortgaged by Cai Zai，The word "sub-mortgage" appears on the registration record，The reporter asked several senior bankers，and frontline mortgage staff，Most said they had never heard of it。A wealthy man who did not want to be named said，sub-mortgage (or sub-charge，Press again)，Only recently appeared on the property market。
The difference between a second mortgage and a second mortgage is that the owner，Mortgage the property after first mortgage to a financial institution to borrow money，But the "remortgage" is done by the financial institution that lent the first mortgage.，Re-mortgage the property to lend money to peers，Like "press within click"，The owner is not involved，You can be unaware。The owner is confused and doesn’t know among the many sub-mortgages，Bank of East Asia has made the most。
The reporter found the owner Gloria Law of an independent villa in Sai Kung.，In March this year, she paid more than 15 million，Buy a unit of this villa with the mountains and the sea to live in.，In the same month, he borrowed a mortgage of NT$12 million from Cai Tsai GIC.。According to the Hong Kong Monetary Authority’s mortgage guidelines，This kind of multi-million mansion，Banks can only lend up to 50%，Unsupervised money boy，Then you can borrow as many as you want! Miss Luo borrowed 80% of it。
Only in his thirties，Ms. Luo, who is fashionably dressed, said：“Looking for GIC is just for convenience，simple enough。It wouldn't be weird to see him selling so many advertisements，But the interest rate is 6% more expensive than the bank! 》Displayed according to Land Registry information，GIC in June this year，Then combine this property with the luxury house Ji Wan Feng and Yuen Long Industrial Building, etc.，A total of seven mortgaged properties held by different owners，Re-hypothecated to Bank of East Asia，i.e. sub-mortgage。
The reporter disclosed this situation to Ms. Luo，She was surprised and said she had no idea："Really?" She even took the opportunity to complain to reporters about GIC：“I don’t know!
And I kept telling them I wanted to borrow 10 million，Know when signing the contract，I knew they had twelve million in advance，Please persuade me to borrow more! "GIC was only established in 2008，The founder is Wang Yao, who is only in his early thirties.，She was originally working as a banker at JPMorgan Chase，Borrowed 10 million from relatives and friends to start GIC，In the past few years, the total loan amount has exceeded 300 million，More plans to go public。
For the unaware Miss Luo，The "big wok" thing is that if GIC loses money or is financially strapped,，Bank of East Asia has the right to repossess the property。Check the sub-mortgage contracts signed between GIC and East Asia，One of them states，If GIC defaults，East Asia as Borrower，可
Require
Property owners pay off mortgage immediately，Or BEA sells the mortgage。East Asia holding collateral (property)，Identity is like property owner，Ultimately you have to buy or sell，From East Asia Stories。
Barrister Luk Wei-hsiung said：“The ordinary mortgage，The owner has only one creditor，Press again and become two creditors，Together we override the owners。The bank is in need，Absolute right to confiscate property，Of course it's rare。"The reporter found Wang Yao from GIC to respond.，When she hears the word sub-mortgage, she means："No answer，You can see it，I can only say it without denying it。
” But she said that everyone should not be one-size-fits-all.："Everyone has heard that property mortgages，It thinks we are bad people，The government again thinks that we support the property market，I can talk about people who borrow money to speculate in property，less than five percent，Many people have to borrow for business turnover。The government is not doing well in SMEs，Ask HKMA (HKMA) to talk to us!
” is similar to another large-scale “remortgage” company in subprime debt.，Also includes Cai Tsai Hong Yip Credit，The same is true of “remortgaging” the property you first mortgaged to Bank of East Asia.。The debt boy's "life experience" is more complicated，Some owners have triple-mortgaged or even quadruple-mortgaged their properties.。Among them, Mr. Kwok, the owner of the lower floor of Yue Man Center in Kwun Tong, was the most exaggerated.，The property was mortgaged to Cai Tsai and Ji Yu、Huilong、GIC、Kang Ye et al.，A unit before and after、Press it over and over again ten times!
In the end, Cai Tsai Hong Yip "re-purchased" to East Asia；If the property market turns around and raises interest rates，East Asia is like holding a batch of "subordinated debt"，And this is what the HKMA is concerned about。In addition, the remortgage contract between East Asia and Cai Tsai is in progress.，No form of loan specified，It turns out that if the bank takes the form of commercial loan，Receive collateral and lend money to Cai Zai，Bypassing the Hong Kong Monetary Authority’s regulations on residential property mortgages。
According to a financial company boss："Dongya asked me if I wanted money.。How much can I borrow to go out as a guest?，East Asia can lend 80% of them。One floor is worth 10 million，I'll lend you 100% for the guest，East Asia will lend me eight million，The interest rate is only slightly higher than the interbank interest rate! "How to define the nature of the loan，It is a bank internal guideline，In other words, it is the bank's own decision.。
This Monday，This magazine informs the Hong Kong Monetary Authority of the sub-mortgage situation，Spokesperson makes rare statement："If a bank provides funds to a finance company for mortgage，And these financial companies do not follow the guidance of the Hong Kong Monetary Authority when making loans.，May reduce the effectiveness of prudential supervision。This approach is not ideal，Therefore, banks are not encouraged to provide funds to such companies for mortgages.。
》Bank of East Asia announced its interim results last Thursday，Personal property mortgage business increased by 0.2% year-on-year，However, the lending growth of Hong Kong Industrial and Commercial Finance has reached as high as 10%.，The amount exceeds 100 billion，Reporters after the results meeting，Asked Deputy Chief Executive Officer Li Minqiao about the performance of mortgages，he said："Of course the mortgage business has not grown!" The reporter asked him again if he had borrowed money for the money to build mortgages.，He behaved cautiously：“We have，But it's not the ones who make second mortgages。
"This magazine asked East Asia again this Monday to inquire about the "re-click" situation.，The spokesman said："No matter what type of organization，A detailed assessment of the financial situation will be carried out、Prospects etc.，Will strictly abide by the guidelines of the Hong Kong Monetary Authority。"In fact, the threshold for wealth is low.，The Hong Kong Monetary Authority has repeatedly issued policies to tighten mortgage loan-to-value ratios for properties.，Dramatically reduce bank business，Customers turn to financiers，Make the latter bloom like bamboo shoots after a rain。
According to the list of financial institutions at the Companies Registry，The rich guy has a weird name，Such as "Dieshui Development"、"Zuiqionglou"、"Hong Kong City Loan Group" and "Jiaolong Group", etc.。
One of Huatai Finance，The registered address is 6th Floor, Tong House, Sham Shui Po，It turned out that the tenement building only had five floors.，The sixth floor is an empty rooftop；The registered address of Xixi Finance is a shop in a shopping mall in Yuen Long.，But the bunks and benches are covered with thick dust，Other Cai Zai bosses live in the Peak and in Fanling public housing estates.，Quite mixed。
Borrowing money from Cai Zai to buy a house turns out to be easy；The reporter was a guest，Call GIC Global Credit，Said that he would buy a residential unit worth more than NT$5 million on one floor.，And pretended that this was the second floor，The bank will only lend up to 50%，But the reporter hopes to borrow 80% of the total，the clerk replied："No problem! We don't need proof of income either，You only need to submit proof of address，Same as provisional sale and purchase agreement，I received the approval within a week.，The interest is about 12 to 15%。
"GIC has been selling advertising in major media recently.，Promoting "Providing Property Loans for You with Care"，There is also an "eight-minute dispatch hotline"，You will know the preliminary approval result in a few minutes，Ambitious to seize the mortgage。There are also wealthy people，Showing off that mainlanders do not need to have Hong Kong properties as collateral，You can also borrow money。The number of money lender licenses has increased year by year in recent years.，Up from just over 700 two years ago，To date, there are more than 1,000 licenses。
According to data from the Hong Kong Monetary Authority，There are four、Fifty financial companies have loan business relationships with banks，As of the end of March，The total loan amount of the finance company is 30 billion yuan，Of which, NT$8 billion belongs to mortgages。Be a rich man，Just apply for a money lender’s license，and undergo a background check by the police.。After the license is issued，The police's supervision only depends on whether the money is involved in loan sharking，For registered capital or capital adequacy ratio, etc.，There are no regulations，Even if you invest a small amount of money, you can become a wealthy person!
There is no relevant agency to carry out continuous supervision.，Ling Caizai is like the shadow bank in the Mainland。If the property market falls sharply，It is bound to become a big bomb for Hong Kong’s finance.。Mortgage decoding (FirstMortgage) means that the owner uses the property as a mortgage，Apply for a loan from the bank。Generally, property owners will only mortgage their properties once，call it first click or first press，Mortgage ratio is usually 50% to 70% of the property’s market value。
Second Mortgage, also known as additional click，That is, after the owner gets a click，Apply for additional loans。The loan interest will also be higher than that of a mortgage。Sub-Mortgage The lender mortgages the customer's property，Remortgage to other institutions such as banks，to get a loan。
Transfer Mortgage transfers an existing loan from the original lending institution to another，Generally, the remaining amount of the loan and the amortization period remain unchanged.。Usually remortgage is done by new institutions with lower interest rates.。But be careful，If you repay early, you may incur penalty interest from the original lending institution.。
The department responsible for applying for a money lender license SOEASY is divided into three departments.，The Licensing Tribunal is responsible for ruling on license applications and issuing licenses，Money Lenders Registry under the Companies Registry，Responsible for applications for license renewal and endorsement on licenses，and maintain a register of debtors。Police review money lenders license、Renewal and Endorsement Applications and Complaints。
Application Procedure After submitting the application form to the Money Lenders Registry and the Police，Investigation of applications by the Police，to decide whether there are grounds to object to the application。and will check the lease of the premises where the applicant operates a money lending business、Documents such as deed of mutual covenant and financial status。If there is no objection，The Licensing Tribunal issues the license。The application fees for application and licensing are 8,800, 8,800 and 1,910 respectively.。minimum capital
Require
No。
Application for license renewal is valid for 12 months，If you want to renew your license, you can apply 3 months before the license expires.，It takes 2 to 3 months。Xinxing Online Cai Tsai Bank has no business，Bank employees also have to find a way out。Long Peizhi, former head of Northeast Asia at Standard Chartered Bank，Get out of the bank this year，Established WeLend，The goal is to raise funds online，Then matching and lending，All parties involved do not need to meet。
“We earned it，is the fee for facilitating the transaction；Not like ordinary rich guys，Borrow money from banks at low interest rates，Lending it to debtors at high interest rates to earn interest differentials，So our interest rates must be lower。” said Long Peizhi。WeLend if you raise funds online，or violate Hong Kong’s Securities and Futures Ordinance。Barrister Luk Wei-hsiung said："All funds raised without the approval of the Securities Regulatory Commission，All are illegal。
Even if the funds are raised from an overseas account (i.e. setting up a BVI company)，Repatriate to Hong Kong；Or that it was borrowed 'between friends'，However, if the investor has no daily control over the management of the above-mentioned property,，Investment behavior is continuous，And the purpose is to make a profit，Still a collective investment scheme，Subject to approval by the China Securities Regulatory Commission。”If you don’t apply, you will be like Cheung Kong Yong Ching Heen，Finally cut in half。
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