New Hong Kong Rules: More Low-Income Debtors to Unlicensed Lenders?
Hong Kong’s Lending Landscape: Navigating New Regulations and Emerging Risks The financial landscape in Hong Kong is on the cusp of significant change. Recent proposals to regulate licensed money lenders aim to protect vulnerable borrowers, particularly those in low-income brackets like domestic helpers. However, these well-intentioned regulations could inadvertently fuel the rise of unregulated lending, … Read more