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 the framework for dedicated 100% loan guarantee schemes targeting the travel and cross-boundary passenger transport trades. The document establishes specific credit risk management guidelines and capital adequacy requirements for authorized institutions participating in these guarantee programs. It ensures that participating banks can manage retail credit risk effectively while supporting the financial stability of the specified sectors.