HSBC said on Wednesday it will offer rebates and fee reductions for sm...
) said on Wednesday it will offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city’s economy struggles.
HSBC, the biggest bank operating in Hong Kong, said it would offer a six-month interest rate rebate on loans approved under official financing and loan guarantee schemes for small and medium enterprises , fee subsidies for applications for the financing guarantee scheme, and reductions in transaction fees for businesses using HSBC’s mobile payment service.
The last time the bank launched a package of SME support measures was in 2009 following the global financial crisis, according to a bank spokeswoman, and the time before that was in 2003 as the city was hard hit by the SARS outbreak.
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