TY  - BOOK
AU  - Williams,Mark
AU  - Haitian,Lu
AU  - Chin-Aun,Ong
TI  - Secured finance law in China and Hong Kong 
SN  - 9780521519342
U1  - 346.740951 22
PY  - 2010///
CY  - New York 
PB  - Cambridge University Press
KW  - Security (Law)
KW  - China
KW  - Hong Kong
N1  - Includes bibliographical references and index; Machine generated contents note: 1. Introduction; 2. Security over tangible personal property; 3. Security over intangible personal property; 4. Company security over personal property; 5. Hire-purchase, leasing and conditional sale of tangible personal property; 6. Priority of security interests over personal property; 7. Enforcement and remedies of the creditor; 8. Conclusion
N2  - "This book examines systematically the current systems of secured lending in China and Hong Kong, where companies or individuals offer personal property as security for credit advanced by a lender. Valid and enforceable security reduces the risk to the lender and so lowers the cost of credit to the borrower. However, the Hong Kong system, being largely derived from English law, is highly complex and in need of root-and-branch reform. The forces of inaction have triumphed and valuable opportunities to create a modern, rational and efficient system have been squandered. In China, on the other hand, a completely new system has been created in the last twenty years which, whilst it has various problems and defects, has some notable advantages over the common law equivalent found in Hong Kong"--
ER  -