Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Hong Kong strengthens financing guarantee system for small and medium-sized enterprises despite economic difficulties
ADOPTION NEWS

Hong Kong strengthens financing guarantee system for small and medium-sized enterprises despite economic difficulties

By Crypto FlexsOctober 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Hong Kong strengthens financing guarantee system for small and medium-sized enterprises despite economic difficulties
Share
Facebook Twitter LinkedIn Pinterest Email

Tony Kim
October 16, 2024 10:00

The Hong Kong Monetary Authority has announced improvements to its SME Financial Guarantee Scheme, providing extended loan guarantee periods and new repayment options to support businesses.





The Hong Kong Monetary Authority (HKMA) has unveiled significant enhancements to its small and medium enterprise (SME) financial protection scheme, as announced in the CEO’s 2024 policy speech. These changes are designed to provide relief to leveraged companies facing economic restructuring challenges.

Key measures introduced

According to the HKMA, businesses borrowing under the SME Financing Guarantee Scheme will now benefit from the option to apply for principal deferment for up to 12 months for both existing and new loans. In addition, the maximum loan guarantee period for 80% guarantee products and 90% guarantee products will be extended to 10 years and 8 years, respectively. These adjustments aim to reduce the repayment burden on businesses and support them through the current economic transition.

New repayment options

To further support businesses, new loans under both guaranteed products will also have a partial principal repayment option. The plan is expected to improve the ability of businesses to navigate the complexities of economic restructuring by giving them more flexibility in managing their financial obligations.

Implementation Schedule

HKMC Insurance Limited, the subsidiary responsible for administering the scheme, will work with lenders to implement these measures. HKMA expects to roll out these improvements by November 2024. Lenders are encouraged to contact their lenders to discuss the new arrangements once they are in place.

For more information, visit Hong Kong Monetary Authority.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Animation Powerhouse Maggie Kang To Join Programming Lineup

September 18, 2025

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Animation Powerhouse Maggie Kang To Join Programming Lineup

September 18, 2025

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025
Most Popular

Ethereum Postpones Cancun Upgrade – What About ETH?

December 9, 2023

Maker DeFi Lending Protocol Rebrands to Sky Ahead of USDS Stablecoin Launch

August 27, 2024

Bitcoin Indicators Reset, Point to ‘Major Moves’ in Q4 — Analyst

October 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.