Education
Hong Kong to cut capital charges on loans to Northern Metropolis university towns
Key Points
Hong Kong’s de facto central bank plans to introduce legislative amendments in the first quarter of next year to lower the capital costs for banks lending to local tertiary institutions, in a bid to speed up development of the university towns in the Northern Metropolis. Under the proposed changes to the Banking (Capital) Rules, the Hong Kong Monetary Authority (HKMA) will designate 11 post-secondary institutions and three park companies as “Domestic Public Sector Entities”, granting them...
Hong Kong’s de facto central bank plans to introduce legislative amendments in the first quarter of next year to lower the capital costs for banks lending to local tertiary institutions, in a bid to speed up development of the university towns in the Northern Metropolis.
Under the proposed changes to the Banking (Capital) Rules, the Hong Kong Monetary Authority (HKMA) will designate 11 post-secondary institutions and three park companies as “Domestic Public Sector Entities”, granting them...