Non-bank finance companies see increase in delinquent loans and foreclosures are also now picking up
Sat, Jun 18, 2016 - 5:50 AM
LOANS GALORE: As much as 10 per cent of the market may be operating outside of the HKMA rules
. PHOTO: BLOOMBERG
HOME foreclosures in Hong Kong have been rising and are likely to pick up pace as more owners default on high-interest loans from unregulated lenders in a weak economy, according to specialists in distressed property.
The territory's authorities don't officially track...