At least two banks in Hong Kong have introduced relief measures for home mortgag...
) have said mortgage customers may apply to pay only interest, and not principal, for up to six months, subject to an extension of another six months.
Months of sometimes violent anti-government protests in Hong Kong last year plunged its economy into its first recession in a decade. Analysts predict a worse start to 2020 for the financial hub as travel curbs to fight the spread of the virus deal a further blow to tourism, retail and other business.
The impact on Hong Kong’s economy from the new epidemic could be worse than in 2003 when it was hit by another coronavirus, the Severe Acute Respiratory Syndrome , its financial secretary has warned, with unemployment set to rise. Against this backdrop, more banks are expected to follow suit with easing measures for mortgage borrowers to prevent 2003-like foreclosures, mReferral Mortgage Brokerage Services Senior Vice President Eric Tso said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Taiwan to bar entry of many Hong Kong, Macau residents to halt virusTaiwan expanded its restrictions on visitors from Hong Kong and Macau on Monday ...
Les mer »
Thousands freed as Hong Kong lifts quarantine on cruise shipPeople stranded aboard a cruise ship in the Chinese city for five days disembark after its 1,800 crew tested negative for the deadly new coronavirus, officials say.
Les mer »
Hong Kong apartment building partially evacuated due to fears virus was transmitted through pipesHealth officials in Hong Kong evacuated some residents from an apartment block following concerns two people contracted the coronavirus via the building's piping system.
Les mer »
Hong Kong to evacuate residential building where two patients with virus liveHong Kong is evacuating people from a residential building in the New Territorie...
Les mer »
Hong Kong confirms two new coronavirus cases. It now has 38 in totalHong Kong has confirmed two more cases of Wuhan coronavirus, bringing its total to 38, Sophia Chan, the semi-autonomous Chinese city's secretary for food and health, told a regular media briefing on Monday.
Les mer »