News Snapshot:
Three of Hong Kong’s government-backed borrowing schemes will be extended by six months in a bid to ease the ongoing burden on individuals and companies created by the Covid-19 pandemic , the city’s leader has revealed. Chief Executive Carrie Lam Cheng Yuet-ngor on Tuesday said the three funds in question were the 100% personal loan guarantee scheme, the SME financing guarantee scheme and the preapproved principal payment holiday scheme. “Borrowers of these three schemes will have relief, because the schemes will be extended for six months,” Lam said at her regular press briefing before meeting her cabinet. The schemes –...
