Regulatory Alerts2020-04-17
Added · Updated
Pre-approved Principal Payment Holiday Scheme for Corporate Customers
The Hong Kong Monetary Authority issued this circular on April 17, 2020, to authorize a pre-approved principal payment holiday scheme for corporate customers affected by the COVID-19 pandemic. The document outlines the framework allowing authorized institutions to grant payment holidays on principal repayments for corporate loans without requiring individual prior approval. This measure aims to provide immediate financial relief to businesses facing cash flow challenges during the public health crisis.
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