MENU

Hong Kong budget: more than 250,000 jobless workers to be offered 1 per cent 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…