Demonstrators throw cardboard on a fire during a protest in the Central district of Hong Kong on Tuesday, October 1, 2019. Photo: BloombergDemonstrators throw cardboard on a fire during a protest in the Central district of Hong Kong on Tuesday, October 1, 2019. Photo: Bloomberg
Demonstrators throw cardboard on a fire during a protest in the Central district of Hong Kong on Tuesday, October 1, 2019. Photo: Bloomberg

Nine banks to meet Hong Kong’s monetary authority on ways to ease business loans and stave off city’s economic downturn

  • Special meeting comes two days after the HKMA cut banks’ countercyclical capital buffer (CCB) for the first time since 2015, a reduction that unleashes up to HK$300 billion into the economy
  • Banks may be asked to cut loan applicants some slack, and ignore any short-term sales slumps caused by the city’s four-month long civic unrest, as long as they are creditworthy in the long term, bankers said
Topic |   Banking & Finance
Demonstrators throw cardboard on a fire during a protest in the Central district of Hong Kong on Tuesday, October 1, 2019. Photo: BloombergDemonstrators throw cardboard on a fire during a protest in the Central district of Hong Kong on Tuesday, October 1, 2019. Photo: Bloomberg
Demonstrators throw cardboard on a fire during a protest in the Central district of Hong Kong on Tuesday, October 1, 2019. Photo: Bloomberg
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