TransUnion has launched a new “Money Lender Data Hub” platform in Hong Kong to help licensed money lenders connect to and participate in the territory’s central “Credit Reference Agency” (also [...]

A host of proposals meant to enhance protection for migrant worker-borrowers, including doing away with referees for loans, has been submitted by the Philippine Consulate to the Hong Kong government  [...]

Police announced on Monday the dismantling of a loan shark syndicate that charged excessive interest rates, resulting in the arrest of 29 individuals—including two minors—suspected of involvement in illegal debt [...]

9th December 2024 – (Hong Kong) Police launched Operation “Oceangate” from 6th to 8th December, dismantling a scam believed to be operated by triad members that targeted victims with promises [...]

Domestic workers had to submit their passports, employment contracts, and employers’ contact information to get the money, Chief Inspector Ho Yan-kit said. Hong Kong police have arrested 46 people allegedly [...]

Secretary for Financial Services and the Treasury, Christopher Hui, said in his blog that the Financial Services and the Treasury Bureau (FSTB) and the Companies Registry (CR) have been closely [...]

The Hong Kong Monetary Authority (HKMA) plans to require banks to offer at least a 7-day cooling-off period for unsecured consumer credit products, which means customers can cancel loans at [...]

In a bid to encourage more people to purchase a home and to stimulate the city's property market, Chief Executive John Lee on Wednesday said the government would relax the [...]

Hong Kong’s property market has been under pressure from high borrowing costs and a weak economy, with prices declining to the lowest in eight years. LOWER interest rates have yet [...]

Police announced on Tuesday that they busted a loan shark syndicate and arrested 13 people, with the youngest being 14, in relation to criminal cases concerning over HK$100 million. The [...]

Suspected proceeds from illegal debt collection exceeded HK$30 million, police say Hong Kong police have arrested 40 people in a four-day crackdown on illegal debt collection gangs, with the proceeds [...]

According to the 1Q24 Industry Insights Report from TransUnion (TRU.US)  -0.230 (-0.318%)   After 0.000%, consumer demand for new credit cards in Hong Kong remained subdued towards the end of 2023 as existing credit [...]