FG Holdings is a Hong Kong-based mortgage loan brokerage and financial consultancy firm operating through three subsidiaries: Fundergo, Richest View, and Fundermall. The company has two core activities: mortgage loan brokerage and corporate debt consultancy. In mortgage brokerage, FG Holdings matches borrowers with lenders across two channels — private credit brokerage, where it connects corporate and individual borrowers to non-bank lenders for short-term, property-secured loans, and bank mortgage brokerage, where it refers borrowers to banks via its iMort online platform. In consultancy, FG Holdings advises corporate clients on debt restructuring, helping them extend loan maturities, access additional credit, and manage cash obligations. Consultancy has become the dominant revenue driver, reflecting weakened Hong Kong property market conditions since 2022, which reduced mortgage origination volumes while increasing demand for restructuring advisory. FG Holdings earns referral fees and service fees across both activities, with no balance sheet lending risk. Brokerage fees are a percentage of the loan amount, paid upon drawdown, while consultancy fees combine fixed charges and variable fees tied to financing successfully obtained. The business model creates a partial natural offset: stressed credit conditions that hurt brokerage tend to drive consultancy demand. FG Holdings plans to grow through acquisitions, product expansion into unsecured and SME loans, geographic expansion targeting cross-border mortgage services for Hong Kong investors in the UK, US, and Canada, and technology investment in AI-driven credit assessment and borrower-lender matching tools.