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Hong kong
Within the Hong kong, payment vacation techniques was basically centrally co-ordinated of the Hong Kong’s monetary regulator, the brand new Hong-kong Monetary Authority (HKMA). As in Singapore, new HKMA exerted influence across the banking globe to make usage of payment relief. It announced the newest Pre-accepted Prominent Fee Holiday Plan (PPPHS) toward and you will expected that every financial institutions took part in the fresh program. Although not, the fresh PPPHS applied only to corporate users (HKMA, 2020a). Continue reading « Within the PPPHS, all the loan dominant repayments out of qualified customers due anywhere between was basically instantly pre-accepted to possess deferment »