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HKMA Intends to Release Mortgage Promise with 3 Note-issuing Banks: Report
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In response to market concerns about Hong Kong banks tightening mortgages and calling loans, Sing Tao Daily reported that Eddie Yue, Chief Executive at Hong Kong Monetary Authority (HKMA), plans to hold a press conference with the three note-issuing banks as soon as today. The content may involve the banks' mortgage service commitment, which pledges if a customer submits all the required documents when applying for a mortgage loan, the bank is committed to responding to the customer's approval results within two weeks. AAStocks Financial News |
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