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​Comment: Hong Kong's cash-rebate rules on mortgages raise antitrust questions

By Yonnex Li ( August 16, 2016, 08:41 GMT | Comment) -- Stringent restrictions by Hong Kong's de facto central bank on how lenders may offer cash rebates to mortgage customers have raised questions about their legitimacy under the city's new competition law. In addition, signs are emerging that the Hong Kong Monetary Authority is reshaping the way it communicates with the banking industry to mitigate risks for the sector under the Competition Ordinance.Stringent restrictions by Hong Kong's de facto central bank on how lenders may offer cash rebates to mortgage customers have raised questions about their legitimacy under the city's new competition law. In addition, signs are emerging that the Hong Kong Monetary Authority is reshaping the way it communicates with the banking industry to mitigate risks for the sector under the Competition Ordinance....

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