Question: (a) Lending is a primary function of many nancial institutions in Hong Kong. What ' entities can lawfully undertake the business of lending money in

(a) Lending is a primary function of many nancial institutions in

(a) Lending is a primary function of many nancial institutions in Hong Kong. What ' entities can lawfully undertake the business of lending money in Hong Kong and how are these institutions regulated? (5 marks) (b) What legal or other restrictions apply to the interest rates that may be charged by these institutions and what, if any, are the exceptions? (5 marks) (c) What are the requirements of the making of a valid loan by a licensed money lender and what are the potential consequences of non-compliance

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