Many of Hong Kong’s small and medium companies have had to shut shop because of the Covid-19 pandemic. Photo: Felix Wong

Hong Kong orders banks to grant unprecedented six-month loan repayment holiday to help small businesses survive slump

  • All 162 banks asked to extend principal payment holiday as well as revolving facilities between May 1 and October 31
  • Payment holiday to help sector benefit from HK$1 trillion lending support announced by HKMA
Topic |   Hong Kong Monetary Authority (HKMA)
Many of Hong Kong’s small and medium companies have had to shut shop because of the Covid-19 pandemic. Photo: Felix Wong
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