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Hong Kong Money Lending Industry Compliance:regulatory framework、Code of Practice and Regulatory Implications

The money lending industry in Hong Kong is strictly regulated by the Money Lenders Ordinance,A license is required to operate a money lending business。Regulations stipulate that the annual interest rate shall not exceed 60%,48%-60%The range is at the discretion of the judge,Industry self-regulatory organizations formulate operating codes to protect consumer rights。
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Hong Kong and Chinese team · Senior financial compliance experts