Regulatory Alerts2020-09-02
Added · Updated
Extension of Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issued this circular on 2 September 2020 to extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. The directive applies to all authorized institutions and builds upon previous measures including the 90-day extension for trade loans announced in August 2020. This regulatory update aims to provide continued credit risk management support to businesses facing challenges related to the COVID-19 pandemic.
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