| Two finance firms are challenging the Hong Kong Monetary Authority’s mortgage lending caps , offering more financing than current bank loans to attract new borrowers ahead of a possible interest rate increase in December.
Convoy Global Holdings, the largest of Hong Kong’s listed finance firms, and ETC Finance teamed up with Centaline Property Agency, Midland Realty and Ricacorp Properties to lend up to 90 per cent of the value of apartments above HK$8 million, agents said.............................................Full Article: Source |