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Hong Kong Money Lending Industry Overview

Financial card care question

This article mainly introduces the basic situation of Hong Kong’s money lending industry,

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