Regulatory Alerts2022-09-16
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issued this circular on 16 September 2022 to further extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. The regulatory guidance updates the eligibility criteria and operational requirements for authorized institutions to grant principal payment holidays to eligible corporate borrowers affected by economic challenges. This extension ensures continued support for corporate credit risk management while maintaining prudent lending standards under the existing framework.
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