Shops shuttered up in Mong Kok, one of Hong Kong’s major retail districts on January 8. Photo: Nora Tam
Shops shuttered up in Mong Kok, one of Hong Kong’s major retail districts on January 8. Photo: Nora Tam

Coronavirus: HSBC and Standard Chartered among Hong Kong banks to waive fees, cut loan repayments for small businesses, individuals struggling amid outbreak

  • Relief measures follow the financial secretary’s warning that economy could shrink again in 2020 as viral outbreak dents businesses
  • City’s lenders have previously offered large-scale relief measures during the Sars outbreak in 2003 and the Asian financial crisis in 1998

Shops shuttered up in Mong Kok, one of Hong Kong’s major retail districts on January 8. Photo: Nora Tam
Shops shuttered up in Mong Kok, one of Hong Kong’s major retail districts on January 8. Photo: Nora Tam
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