The Hong Kong government is launching a 100% loan guarantee scheme to support the recovery of the travel industry between Mainland and Hong Kong. The scheme will provide fully guaranteed loans to eligible passenger transport operators and licensed travel agents, administered by HKMC Insurance Limited. Participating institutions will conduct customer due diligence and verification, and the loans will be purchased by the HKMC without recourse. The scheme follows the regulatory and reporting treatments set out in a circular letter from April 20, 2021.
resource: https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2023/20230425e1.pdf