Consumer Council Legal Protection Committee Chairman Samuel Chan Ka-yan, left, with Consumer Council Chairman Paul Lam Ting-kwok at the Council's recent press conference report on money lending. Photo: SCMP

Money lending needs a single regulator

  • Loose oversight and failure to modernise the 40-year-old licensing regime means many companies impose exceedingly harsh terms on borrowings
Topic |   China economy

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Consumer Council Legal Protection Committee Chairman Samuel Chan Ka-yan, left, with Consumer Council Chairman Paul Lam Ting-kwok at the Council's recent press conference report on money lending. Photo: SCMP
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