Secured Finance Law in China and Hong Kong

Secured Finance Law in China and Hong Kong

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Overview

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.

Product Details

ISBN-13: 9781108738408
Publisher: Cambridge University Press
Publication date: 08/08/2019
Pages: 449
Product dimensions: 5.98(w) x 9.02(h) x 0.91(d)

About the Author

Mark Williams is Professor of Law at the School of Accounting and Finance, Hong Kong Polytechnic University.

Haitian Lu is Assistant Professor of Law at the School of Accounting and Finance, Hong Kong Polytechnic University.

Chin Aun Ong served as Associate Professor of Law at the School of Accounting and Finance, Hong Kong Polytechnic University.

Table of Contents

1. Introduction; 2. Security over tangible personal property; 3. Security over intangible personal property; 4. Company security over personal property; 5. Hire-purchase, leasing and conditional sale of tangible personal property; 6. Priority of security interests over personal property; 7. Enforcement and remedies of the creditor; 8. Conclusion.

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