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About this product
- DescriptionThis 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 table advantages over the common law equivalent found in Hong Kong.
- Author BiographyMark 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.
- Author(s)Chin Aun Ong,Dr. Lu Haitian,Mark Williams
- PublisherCambridge University Press
- Date of Publication14/10/2010
- SubjectNational Law: Professional
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Weight830 g
- Width152 mm
- Height228 mm
- Spine25 mm
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