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HK non-bank lenders thrive amid bank mortgage curbs
Published Mon, Mar 9, 2015 · 09:50 PM
Hong Kong
HONG Kong's non-bank lenders are thriving as regulators place curbs on banks, adding to the risks in the city's hot housing market.
Homebuyers are flocking to companies such as Hong Kong Finance Group Ltd, which has seen a 15 per cent surge in mortgage inquiries after bank loans were capped on Feb 27. Developers also are teaming with finance companies to fund buyers faced with soaring home prices and smaller loans from traditional lenders.
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