Regulatory Alerts2022-10-20
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issues this circular to further extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. The scheme allows authorized institutions to grant principal payment holidays to eligible corporate borrowers facing financial difficulties due to the COVID-19 pandemic. This extension provides continued regulatory flexibility for managing credit risk while supporting businesses during ongoing economic challenges.
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