According to the Lenders Ordinance of Hong Kong, it is illegal for any unauthorized individual or company to provide loan services in Hong Kong. In addition, the Hong Kong Monetary Authority also supervises loan intermediaries, requiring them to hold valid licenses before engaging in related businesses. If the loan intermediary agency does not have a legal license, it is illegal to operate.
Moreover, some loan intermediaries will use fraudulent means, such as false propaganda and high fees, which are also illegal.