Hong Kong banks offer liquidity support amid coronavirus outbreak

Pedro Gonçalves
clock • 2 min read

Standard Chartered will allow mortgage borrowers and small businesses facing financial burdens to pay only interest on their loans for up to a year, as it became the latest lender to outline its plans to offer relief to Hong Kong companies hurt by the coronavirus outbreak. The move follows an announcement by HSBC that it would provide more than HK$30bn ($3.9bn) in liquidity relief for businesses. This includes HK$10m in cash flow support for its trade finance customers and a moratorium on principal payments for commercial loans secured against property. StanChart is offering a six-mon...

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