HongKong

HSBC and Standard Chartered among Hong Kong banks rushing to waive fees, cut loan repayments for small businesses, individuals struggling amid coronavirus crisis




A number of Hong Kong banks including HSBC and Standard Chartered have rushed to introduce measures to relieve the pressure on small and medium-sized businesses and individuals as the coronavirus outbreak threatens to further derail the city’s embattled economy.The measures, which include waiving fees and letting customers pay just the interest on loans, come as industries such as restaurants, retail and tourism take a huge hit from the health crisis. Months of anti-government protests and the…



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