Hong Kong Enhances SME Financing Guarantee Scheme Allowing Companies to Apply for Principal Moratorium for 12 Months for New & Existing Loans, Loan Guarantee Periods of 80% Products Extended to 10 Years & 90% Products Extended to 8 Years, Partial Principal Payment Options Offered to New Loans
18th October 2024 | Hong Kong
The Hong Kong government has announced new enhancements to the SME Financing Guarantee Scheme (Small Medium Enterprises), allowing companies to apply for principal moratorium for 12 months for new & existing loans, loan guarantee periods of 80% products extended to 10 years & 90% products extended to 8 years, partial principal payment options offered to new loans. Hong Kong Monetary Authority (HKMA) 16/10/24: “The Chief Executive announced in “The Chief Executive’s 2024 Policy Address” today (16 October) that, for both existing and new loans, borrowing enterprises under the SME Financing Guarantee Scheme will be allowed to apply for principal moratorium for up to 12 months while the maximum loan guarantee periods of the 80% and 90% Guarantee Products will be extended to ten years and eight years respectively. In addition, the partial principal repayment options will be offered to new loans under the two guarantee products. These measures aim to alleviate the repayment pressure on borrowing enterprises, helping them address challenges encountered during economic restructuring. HKMC Insurance Limited will follow up with the lending institutions on the implementation details of the above new measures, aiming to roll them out within November this year. Borrowing enterprises may approach their lending institutions to discuss the arrangements at that time.”
“ Hong Kong Enhances SME Financing Guarantee Scheme Allowing Companies to Apply for Principal Moratorium for 12 Months for New & Existing Loans, Loan Guarantee Periods of 80% Products Extended to 10 Years & 90% Products Extended to 8 Years, Partial Principal Payment Options Offered to New Loans “
Hong Kong Enhances SME Financing Guarantee Scheme Allowing Companies to Apply for Principal Moratorium for 12 Months for New & Existing Loans, Loan Guarantee Periods of 80% Products Extended to 10 Years & 90% Products Extended to 8 Years, Partial Principal Payment Options Offered to New Loans
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
