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Hong Kong extends payment holidays until April 2021 to give struggling small businesses a lifeline out of worst recession

Hong Kong’s monetary authority has instructed banks to extend their loan repayment holidays for small businesses for another six months until April 2021, providing more breathing space for some of the biggest job providers as they struggle to crawl out of the city’s worst recession on record.All banks have to allow qualified corporate borrowers to waive the repayment of their corporate loans or mortgages until April 2021, extending the waivers from October 31, according to a statement by the…

Read the original article at South China Morning Post

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