All posts tagged "HKMC Insurance"
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323FeatureHong Kong Govt Enhances 100% Loan Guarantee Scheme
The maximum loan amount and repayment period are being increased to further alleviate the cash flow pressure of SMEs, effective from Friday, 18 September.
September 16, 2020 -
436Capital RegulationHKMA Extends Principal Payment Holiday Scheme Six Months
Loan principal payments of eligible corporate customers falling due between November 2020 and April 2021 will be deferred by six months. Trade loans will be deferred by 90 days.
September 3, 2020 -
417FeatureHK Extends Loan Guarantee Schemes to Listed Companies
Other enhancements to the 80% and 90% Guarantee Products include higher maximum loan amounts and interest subsidies up to 12 months.
June 1, 2020 -
1.1KHong Kong
Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch
Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.
April 17, 2020 -
518Capital Regulation
HKMA Sets Out Treatment of Loans Under 100% Guarantee Scheme
IRB AIs should seek the HKMA's exemption approval to apply the standardised approach for SME loans granted under the 100% Guarantee Scheme.
April 7, 2020 -
979Capital RegulationHKMA Frees Up Regulatory Reserves, Liquidity Buffers for Banks
Regulatory reserves held against possible credit losses will be reduced by half. Banks are encouraged to use liquidity buffers built up under the LCR and LMR regimes.
April 5, 2020 -
482Capital Regulation
HKMA Convenes Special Teleconference on SME, Personal Lending
The Banking Sector SME Lending Coordination Mechanism discussed ways to extend greater support to SME and retail customers, in light of the Covid-19 threat to cashflows.
February 14, 2020 -
602Capital Regulation
HKMA Vows to Preserve Stability Amid Covid-19 Threat
HKMA chief Eddie Yue indicated a willingness to be flexible towards banks facing difficulties in meeting regulatory requirements.
February 13, 2020 -
632Capital RegulationHong Kong Introduces New Loan Guarantee Scheme for SMEs
LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.
December 10, 2019
