Hong Kong Special Loan Guarantee Scheme

On December 8, the Hong Kong government announced an expansion of the recently introduced Special Loan Guarantee Scheme to increase the maximum commitment to HKD$100 billion with a 70% loan guarantee. Upon effectiveness of the expansion, all firms except listed companies will be eligible to apply for guarantees of loans with a ceiling of HKD$6 million (formerly HKD$1 million).  Hong Kong Government Press Release.