Regulatory Alerts2021-09-21
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issued this circular on 21 September 2021 to further extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. The directive applies to all Authorized Institutions, allowing them to continue offering principal payment holidays to eligible corporate borrowers facing ongoing challenges. This extension builds upon previous measures, including the 90-day extension of Trade Loans, to support corporate credit risk management during the pandemic.
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