Regulatory Alerts2016-07-15
Added · Updated
Exposure to HKMC: 80% Loan Guarantee Product under SME Financing
The Hong Kong Monetary Authority issued this circular on 15 July 2016 to address credit risk management regarding the Hong Kong Mortgage Corporation's 80% loan guarantee product for small and medium-sized enterprises. The document directs all authorized institutions to manage their exposure to this specific guarantee scheme in accordance with established corporate credit risk management practices. It serves as a regulatory reference for handling credit risks associated with SME financing backed by the HKMC guarantee.
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