Home East AsiaHong Kong Hong Kong banks vow to ease loans in HKMA’s task force to help borrowers, small businesses

Hong Kong banks vow to ease loans in HKMA’s task force to help borrowers, small businesses

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“HKMA will not instruct banks on how to make the loan [assessments], but make sure that banks adopt a fair and tolerant manner to help clients,” Yuen said in a media briefing on Friday. “The task force is a channel for SMEs to reflect their [funding] difficulties, and for the HKMA and lenders to work with them in finding a solution.”

(from Left to Right) Bank of China (Hong Kong) CEO Sun Yu; Hong Kong Monetary Authority CEO Eddie Yue Wai-man; Hong Kong Association of Banks chairwoman and HSBC Hong Kong CEO Luanne Lim; and Standard…



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