HongKong

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…



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