Regulatory Alerts2021-09-21
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 until April 2022 to support corporate borrowers facing lingering pandemic-related cash flow pressures. Eligible borrowers may defer principal payments on loans falling due between November 2021 and April 2022, with specific provisions for trade loans and flexible relief options for those with extended deferment history. Concurrently, the regulator encourages greater lending flexibility for the transportation sector and initiates planning for an orderly exit from the scheme as economic recovery stabilizes.
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