Regulatory Alerts2022-10-20
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority extends the Pre-approved Principal Payment Holiday Scheme by six months to July 2023 and introduces a new two-year 50% partial principal repayment option. Authorized Institutions must defer principal payments for eligible corporate loans falling due between February and July 2023, while also encouraging financially capable borrowers to transition to partial repayment plans. The circular outlines specific operational guidelines, including flexible relief for long-term extended loans and enhanced support measures for the transportation sector.
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