◂Home    Hong Kong / Economy News

Tue, 27 Apr 2021 18:32   Enoch Yiu

Unemployed Hongkongers to be offered low-interest loans of up HK$80,000 guaranteed by government for first time

The Hong Kong government is for the first time offering to guarantee low-interest personal loans for unemployed people, after the Covid-19 pandemic sent the city’s jobless rate to a 17-year high.Permanent residents aged 18 and above who have been out of work for at least two months can apply for loans of up to HK$80,000 (US$10,306) or six times their previous salary, under a scheme announced by government-owned HKMC Insurance on Tuesday.The 10 participating banks initially include HSBC, Hang…

Source and full article

Most read

China ready with ‘precautionary measures’ to stop foreign traders causing market volatility, regulator says

China will suspend the ability of foreign investors to trade if they c...

Tue, 20 Apr 2021 19:31
Hong Kong facing critical moment in seizing Greater Bay Area opportunities, warns trading tycoon

Hong Kong cannot afford to miss the opportunities offered by the Great...

Thu, 22 Apr 2021 08:00
China population: birth control policies should be scrapped to retain economic edge over US, says central bank

China should immediately liberalise its birth policies or face a scena...

Thu, 15 Apr 2021 18:41
China’s post-coronavirus consumer spending ‘not enough’ to drive growth, says prominent economist

China should accelerate infrastructure investment this year as consump...

Mon, 12 Apr 2021 13:39
Some Hongkongers are arbitraging between city’s record home prices and cheaper listings overseas as they head for the exit

Some Hong Kong emigrants are taking advantage of the price difference ...

Wed, 07 Apr 2021 10:33