Hong Kong Mortgage Corporation Limited: "100% Guaranteed Preferential Loans" for SMEs amounted to HK$14.39 billion, benefiting around 40,000 enterprises.

According to the app of the Intelligence Financial and Economic News, on June 2nd, Buck Yun, Executive Director and CEO of Hong Kong Mortgage Securities Limited, stated that in response to the challenges brought about by the ongoing epidemic, the Hong Kong government has launched optimization and relief measures under two products multiple times, including extending the application period, increasing the maximum loan amount, extending the longest repayment period, and extending the arrangement of "interest-only repayment". The application period for the "100% Guaranteed Personal Preferential Loan Plan" will finally end at the end of April 2023, with a total of HK$46.6 billion in loans planned to be approved, benefiting over 59,000 individuals with an average loan amount of HK$78,500 per person. About one-third of the borrowers had a monthly income of HK$12,000 or less before losing their primary regular income, indicating that the plan has helped many grassroots citizens get through temporary difficulties. As for the "100% Guaranteed Preferential Loan for Small and Medium Enterprises", the application period will end at the end of March 2024, with a total of HK$143.9 billion in loans planned to be approved, benefiting approximately 40,000 enterprises and their 400,000 employees, helping to achieve the policy goal of "supporting businesses and preserving employment".