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HK Govt Welcomes New Support Launch by Banking Sector for Individuals Affected by Wang Fuk Court Fire
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The Hong Kong government welcomed the banking industry's continued support for individuals affected by the Wang Fuk Court (WFC) fire based on the principles of empathy and flexibility. Following the 11 emergency support measures launched after the fire last year, the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) yesterday (4 March) announced three new measures to support the government's long-term housing arrangements for affected owners of WFC. The measures are: extending the repayment grace period (including principal and interest) for existing mortgages, personal loans and credit card loans, etc to the end of November 2026, etc.. AASTOCKS Financial News Website: www.aastocks.com |
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