Secured finance law in China and Hong Kong

Mark Williams, Haitian Lu, Chin Aun Ong

Research output: Authored / edited bookResearch book or monograph (as author)Academic researchpeer-review

Abstract

This book examines systematically the current systems of secured lending in China and Hong Kong, where companies or individuals offer personal property as security for credit advanced by a lender. Valid and enforceable security reduces the risk to the lender and so lowers the cost of credit to the borrower. However, the Hong Kong system, being largely derived from English law, is highly complex and in need of root-and-branch reform. The forces of inaction have triumphed and valuable opportunities to create a modern, rational and efficient system have been squandered. In China, on the other hand, a completely new system has been created in the last twenty years which, whilst it has various problems and defects, has some notable advantages over the common law equivalent found in Hong Kong.
Original languageEnglish
PublisherCambridge University Press
Number of pages419
ISBN (Electronic)9780511776960
ISBN (Print)9780521519342
DOIs
Publication statusPublished - 1 Jan 2010

ASJC Scopus subject areas

  • Social Sciences(all)

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