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

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.…

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