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scmp - 10 days ago

Hong Kong budget: more than 250,000 jobless workers to be offered low-interest loans in unprecedented measure

Unemployed Hongkongers will be offered low-interest bank loans – capped at HK$80,000 – under an unprecedented budget measure targeting more than 250,000 jobless workers, the Post has learned.Financial Secretary Paul Chan Mo-po will announce the one-off loan scheme, fully guaranteed by the government, for the benefit of individuals for the first time in his budget speech on Wednesday. In previous budgets, such measures were devised only for small to medium-sized companies.A total of HK$10…


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