Learn more about our comprehensive legal services.
Advising our clients on different opportunities and challenges of the industry.
Developing a unique culture, which blends traditional client care with modern technology and working practices since 1851.
Stay up to date on the latest news and legal insights.
News & Insights
The 100% Personal Loan Guarantee Scheme (PLGS), which was introduced by the Financial Secretary in the 2021-22 Budget, started receiving applications from 28 April 2021. The Hong Kong Monetary Authority issued a circular on 20 April 2021 (Circular) setting out its policy intent in respect of applicable regulatory and reporting treatments for loans granted by participating authorised institutions (AIs) to eligible borrowers under the PLGS. Under the PLGS, AIs are able to rely on support from the Government in relation to qualifying loans for the purposes of risk management and their capital and exposure limits.
The Circular is accessible here.
Subscribe to Publications
Sign up for our regular updates covering the latest legal developments, regulations and case law.
For media enquiries please contact us at firstname.lastname@example.org.
Tel: +852 2825 9211
Click here to share this shortlist.
(It will expire after 30 days.)