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HK non-bank lenders thrive amid bank mortgage curbs

Tuesday, March 10, 2015 - 05:50
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Hong Kong homebuyers have taken on more debt as prices surged 13% to a record last year, driven by gains in smaller properties.

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