25 Arrested as Hong Kong Police Bust Loan Shark Ring Charging Up to 282% Interest Rate The latest crackdown on a loan shark syndicate in Hong Kong has netted 25 arrests and exposed a web of exploitation.
Beneath this high interest rate lending scheme lies a more complex problem: the growing struggle for working class households to make ends meet.
Hong Kong's economy, touted as one of the most dynamic and prosperous in Asia, conceals rising income inequality and stagnant wages.