Regulatory Alerts2023-04-25
Added · Updated
Dedicated 100% Loan Guarantee Schemes for Travel and Cross-boundary Passenger Transport Trades
The Hong Kong Monetary Authority issued this circular to outline regulatory expectations for Authorized Institutions participating in the new Dedicated 100% Loan Guarantee Schemes for the travel and cross-boundary passenger transport sectors. The schemes, announced by the Financial Secretary to support industry recovery post-normal travel resumption, provide fully guaranteed loans administered by HKMC Insurance Limited. The Authority confirmed that regulatory treatments and credit assessment requirements for these loans will align with those established for the 100% Personal Loan Guarantee Scheme.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share