The Group had started the money lending business in Hong Kong since 2014.
Two indirect wholly-owned subsidiaries of the Company have obtained the money lending licences in Hong Kong:
China-Hong Kong Link Finance Company Limited
Money Lenders Licence No:1429/2020
PetroAsian Energy Finance Limited
Money Lenders Licence No:0573/2020
The licensing of money lenders and regulation of money-lending transactions are governed by the Money Lenders Ordinance, Chapter 163 of the Laws of Hong Kong. The market of money lending business by licensed money lenders in Hong Kong is keen and competitive. In order to maximise the market share in this business but also to ensure the compliance of the related laws and regulations, the operation team has established a credit policy and loan approval process to minimise the credit risk.
Warning: You have to repay your loans. Don’t pay any intermediaries.
Complaint email: email@example.com