Hai Cloud Exchange of Haier Financial Holdings obtained Money Lender′s license
On Aril 6, HCE International Service Limited, formerly known as Hai Cloud Exchange Capital Markets (Hong Kong) Limited, of Haier Financial Holdings was issued the Money Lender′s license by the Hong Kong Police Force in Hong Kong. With this license, Hai Cloud Exchange can carry out social credit business in Hong Kong.
This money lender′s license is the first license obtained by Haier Financial Holdings out of Mainland China, and this is also the first step to land Hai Cloud Exchange’s social business. From now on, Hai Cloud Exchange’s business will extend to Hong Kong, and even global market.
Further reading
The major business scope of the money lender′s license includes personal and commercial loans, mortgages, car/heavy machine/factory lease, credit card financing, note, bill discount, small and medium enterprises loans, mortgages, syndicated loans etc.
Hong Kong has a good legal environment, a perfect credit system and an advantage in the flow of funds. At the same time, financial supervision in Hong Kong pays more attention to professional qualifications and professional conduct. To operate social credit business in Hong Kong, one must obtain the money lender’s license, and renew the license every year.
