Regulatory Alerts2022-09-16
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority has extended the Pre-approved Principal Payment Holiday Scheme by three months until January 2023 to support corporate customers facing cash-flow pressures. Eligible loans due between November 2022 and January 2023 allow for a six-month principal deferment, with a flexible case-by-case approach available for loans already extended for over 540 days. Customers may voluntarily opt for partial repayment of 20% of the original principal, and participating in the scheme will not result in loan downgrades provided terms remain commercial.
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