Hong Kong’s banks sign on to HKMA’s lifeline for small businesses
  • The HKMA chaired a meeting attended by the Hong Kong Mortgage Corporation, HSBC, Standard Chartered Bank, Bank of China (Hong Kong), Citibank, Hang Seng Bank, Bank of East Asia, DBS, ICBC Asia and CCB Asia.
  • The banks agreed to a set of guidelines, similar to those during Hong Kong’s 2003 Sars outbreak, to cut small borrowers and businesses some slack
3 hours ago