Court Freezes Finsure's Move Against Hai Money — What It Means for Chinese-Australian Borrowers

An Australian court has intervened to freeze Finsure's bid to cut its ties with Hai Money, a Chinese-language mortgage sub-aggregator. The ruling, reported by The Adviser on 18 May 2026, prevents Finsure from terminating the sub-aggregation agreement while legal proceedings continue.

What Is Hai Money?

Hai Money is a sub-aggregation business operating within Finsure's broker network, providing Chinese-language mortgage broking services to Australia's Chinese community. The business connects Mandarin and Cantonese-speaking borrowers with Australian mortgage brokers, offering a bilingual service layer that helps Chinese Australians navigate the complex local lending landscape.

Why Does This Case Matter?

The legal dispute between Finsure and Hai Money highlights a broader tension in the Australian mortgage industry: the growing importance of ethnically and linguistically diverse financial services, and the business dependencies that develop around them.

For Hai Money's clients — predominantly Chinese-Australian borrowers — the court's intervention provides immediate relief. Without it, those clients could have suddenly lost access to their existing broker relationships and had to rebuild their finance applications from scratch.

The case also signals the significant commercial value of Chinese-market mortgage services in Australia. With Australia's Chinese-born population exceeding 680,000 (ABS 2021 Census) and Chinese Australians overrepresented among property buyers in Melbourne and Sydney, the mortgage market serving this community is substantial.

Three Lessons for Chinese-Australian Borrowers

1. Broker relationships are valuable but structurally fragile

When your broker operates through an aggregator, and that aggregator faces a dispute with its head licensee, your mortgage service can be disrupted through no fault of your own. The Finsure-Hai Money case is a clear example: borrowers in the middle of loan applications could face sudden uncertainty about which broker can legally act for them.

2. Chinese-language mortgage expertise is genuinely scarce

The commercial dispute itself reflects just how valuable — and rare — genuine bilingual mortgage expertise is in Australia. Finsure was willing to face legal proceedings over this relationship, which speaks to the business significance of serving Chinese-Australian borrowers.

3. Direct lender relationships reduce your exposure to intermediary risk

Rather than relying on a multi-layer chain of broker to sub-aggregator to aggregator to lender, borrowers who work directly with a non-bank lender that specialises in the Chinese community have one less layer of potential disruption.

MPFG Capital: Direct, Bilingual, Non-Bank

MPFG Capital's team includes Mandarin and Cantonese-speaking lending specialists who work directly with Chinese-Australian borrowers — particularly self-employed clients, new migrants, and property investors. There is no sub-aggregator layer: your application goes directly to MPFG Capital's lending team, with full bilingual support throughout the process.

Our core products — including Alt Doc loans for self-employed borrowers, standard residential loans for new migrants and PR holders, and commercial property finance — are designed specifically for the needs of Chinese-Australian borrowers who may not fit the major banks' standard credit criteria.

This article is general information only and does not constitute financial or credit advice.