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Unregulated home lending takes toll in HK

Non-bank finance companies see increase in delinquent loans and foreclosures are also now picking up

LOANS GALORE: As much as 10 per cent of the market may be operating outside of the HKMA rules

Hong Kong

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...

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