HSBC Holdings Plc is providing more than HK$30 billion ($3.9 billion) in liquidity relief to its business customers in Hong Kong, joining other lenders that are easing borrowing terms to help companies battered by the coronavirus outbreak.
HONG KONG: HSBC Holdings Plc is providing more than HK$30 billion ($3.9 billion) in liquidity relief to its business customers in Hong Kong, joining other lenders that are easing borrowing terms to help companies battered by the coronavirus outbreak.
Measures include a principal repayment moratorium for borrowers with commercial loans secured by property, as well as those with taxi and public minibus loans, according to a statement from the London-based bank Sunday. Trade finance customers can also apply for access to an overdraft of as much as HK$10 million for six months to help with daily operational needs, such as employee payrolls and rent.
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