{"id":215626,"date":"2025-03-13T16:50:31","date_gmt":"2025-03-13T08:50:31","guid":{"rendered":"https:\/\/www.cpr.cuhk.edu.hk\/en\/?post_type=event&p=215626"},"modified":"2025-03-13T17:41:28","modified_gmt":"2025-03-13T09:41:28","slug":"clindss-20th-law-digital-society-seminar-the-challenges-of-operating-a-digital-money-lending-business-by-mr-james-wong-online","status":"publish","type":"event","link":"https:\/\/www.cpr.cuhk.edu.hk\/en\/event\/clindss-20th-law-digital-society-seminar-the-challenges-of-operating-a-digital-money-lending-business-by-mr-james-wong-online\/","title":{"rendered":"CLINDS\u2019s 20th Law & Digital Society Seminar \u2013 \u2018The Challenges of Operating a Digital Money Lending Business\u2019 by Mr. James Wong (Online)"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","tags":[],"event_category":[170],"event_participants":[27,28,142,29],"class_list":["post-215626","event","type-event","status-publish","hentry","event_category-seminar","event_participants-staff","event_participants-students","event_participants-alumni","event_participants-public"],"acf":{"title_alt":"CLINDS\u2019s 20th Law & Digital Society Seminar \u2013 \u2018The Challenges of Operating a Digital Money Lending Business\u2019 by Mr. James Wong (Online)","event_date":"20250324","event_end_date":null,"custom_date":"","event_time":"

6:30 pm \u2013 7:30 pm (HKT)<\/p>","photos":[{"photo":215665,"caption":""}],"venue":"

Online via Zoom<\/p>","speaker_name":"","speaker":"

James is a banking and finance lawyer. He focuses on financial services and fintech regulation, and financing.<\/span><\/p>\r\n

James\u2019 practice areas cover securities, futures, asset management, funds, payment solutions, virtual assets, regulatory investigations, money lending, AML, data privacy and other financial regimes (stored value facilities, money service operators, trust and company service providers, dealers in precious metals and stones).<\/span><\/p>\r\n

He represents several high-profile securities brokerage firms, fintech companies, insurance brokerage firms, fund houses, asset managers, money lenders and banks. He has extensive experience advising on creative business models and drafting standard form documentation.<\/span><\/p>\r\n

James also advises multi-national financial institutions in their lending and asset financing transactions.<\/span><\/p>\r\n

James was invited to comment on current Anti-money laundering landscape at the RTHK radio show \u201cThe Close\u201d.<\/span><\/p>\r\n

James is a native English and Cantonese speaker and is also fluent in Mandarin.<\/span><\/p>","admission":"

https:\/\/cloud.itsc.cuhk.edu.hk\/webform\/view.php?id=13705391<\/a><\/p>\r\n

Registration Deadline: 21 March 2025, 2:30 pm (HKT)<\/strong><\/p>","enquiry":"

clinds.law@cuhk.edu.hk<\/a><\/p>","details":"

Although the Money Lenders Ordinance (which is the primary legislation that governs money lending activity) is drafted in a technology-agnostic manner, its concepts don\u2019t always translate well in the modern, digital space. Online financing \/ lending platforms face various challenges. For example, certain notes and memorandums have to be signed \u201cpersonally by the borrower\u201d, which may be difficult to achieve in the online context. Said notes and memorandums also have to contain particulars regarding the amount of the principal of the loan and date of the making of the loan, both of which are difficult to account for in the context of revolving credit facilities. It\u2019s also not uncommon for online financing \/ lending platforms to provide ancillary services such as e-wallets, payment and virtual credit cards, which begs the question \u2013 can these services be provided under a money lender\u2019s licence? Or are additional licenses \/ authorizations required? All this, and more, will be discussed at the seminar.<\/p>\r\n

CLINDS\u2019s 20th Law & Digital Society Seminar \u2013 \u2018The Challenges of Operating a Digital Money Lending Business\u2019 by Mr. James Wong (Online)<\/strong><\/a><\/p>","intro":"","remarks":"

Language: English<\/p>\r\n

*CPD credits are available upon application and subject to accreditation by the Law Society of Hong Kong (currently pending).<\/strong><\/p>\r\n

 <\/p>","contact_information":{"contact_person":"Cherry Wong","contact_number":"39430457","contact_email":"cherrywong@cuhk.edu.hk","department":"Faculty of Law"},"content_migrated":false,"original_id":0,"photos_original":null,"original_contact_id":"","cover_photo":215666},"publishpress_future_action":{"enabled":false,"date":"2027-10-29 20:31:07","action":"change-status","newStatus":"private","terms":[],"taxonomy":"post_tag","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/event\/215626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/types\/event"}],"version-history":[{"count":4,"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/event\/215626\/revisions"}],"predecessor-version":[{"id":215714,"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/event\/215626\/revisions\/215714"}],"wp:attachment":[{"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/media?parent=215626"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/tags?post=215626"},{"taxonomy":"event_category","embeddable":true,"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/event_category?post=215626"},{"taxonomy":"event_participants","embeddable":true,"href":"https:\/\/www.cpr.cuhk.edu.hk\/en\/wp-json\/wp\/v2\/event_participants?post=215626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}