Over 30,000 Hong Kong companies enjoy six-month repayment holiday on HK$380 billion in loans under HKMA scheme to help them survive economic slump

Hong Kong’s banks have so far granted about 30,000 companies a six-month repayment holiday for a combined HK$380 billion (US$49.03 billion) in loans to help them cope with the dire economic slump, according to the city’s de facto central bank.The programme, announced in late April, marked the first time in history that the Hong Kong Monetary Authority had ordered all banks in the city to offer repayment relief to help the city’s 340,000 small and medium-sized enterprises to survive the worst…