25 arrested as Hong Kong police bust loan shark ring charging up to 282% interest rate

Hong Kong police have arrested 25 people, some as young as 13, in a crackdown on a loan shark syndicate that charged victims annual interest rates of up to 282 per cent. Police said on Thursday that the crime ring had extended a total of HK$200 million (US$25.5 million) in loans to about 2,000 residents over the past y

Home / BusinessHerald ReportersNZ Herald·5 Aug, 2026 08:52 PM2 mins to read‌NZ Herald Headlines | New industry-led subjects for secondary schools, government launches mental health strategy | Thursday, August 6, 2026ASB is hiking some of its home loan rates by as much as 26 basis points as volatility in wholesale inter