Under the Money Lenders Ordinance, anyone wishing to carry on business as a
money lender must apply to a licensing court for a licence. The ordinance does not
apply to AIs under the Banking Ordinance.
Licence applications are submitted to the Registrar of Companies as Registrar of
Money Lenders. During the year, 758 applications were received. Altogether, a total
of 740 licences were granted or renewed, involving both new applications and
outstanding applications brought forward from the previous year. At year-end, there
were 734 licensed money lenders, including those whose applications for renewing
their licences were being processed.
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