Hong Kong loan schemes that have paid out HK$170 billion during Covid-19 pandemic to be extended 6 months, Carrie Lam says

Three government-backed borrowing schemes will be extended by six months in a bid to ease the economic difficulties that individuals and companies continue to face during the Covid-19 pandemic, Hong Kong’s leader has revealed.Chief Executive Carrie Lam Cheng Yuet-ngor on Tuesday said the three funds were the Special 100% Loan Guarantee, the SME Financing Guarantee Scheme and the Preapproved Principal Payment Holiday Scheme.“Some industries are still suffering, especially in terms of cash flow,…

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