SMEs rush to apply for government guaranteed special loans

Business | 22 Jun 2020 10:04 pm

The HKMC Insurance has received about 8,600 applications from banks amounting to some HK$16 billion, since the introduction of the Special 100% Loan Guarantee on April 20, said Hong Kong Monetary Authority Chief Executive Eddie Yue.

The HKMA will continue to closely monitor market developments and provide timely support to help small and medium-sized enterprises, Yue said.



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