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Study team keen to listen to views

(To watch the full media session with sign language interpretation, click here.)   Chief Executive John Lee today said the study team led by CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong is keen to listen to the views of Hong Kong.   At a media session on the second day of Mr Xia’s inspection visit, Mr Lee said the study team is focused on the city's economic developments and district administration, and that there has been a good exchange of views.   “One thing that has been shared is the actual situation of Hong Kong. Both myself, the Financial Secretary and the various principal officials have explained in great detail to the study team.   “And the conclusion of all these meetings indicates that the study team is satisfied with the overall situation of Hong Kong and the way that the Hong Kong Special Administrative Region Government is handling it.”   The Central Pe

No fees for loan scheme

Banks participating in the 100% Personal Loan Guarantee Scheme will aid loan applicants without levying any application or handling fee, and borrowers should not make applications via a third party, HKMC Insurance said today.   It made the statement in response to a news report about some people claiming to help those who are unemployed make applications for the scheme using false instruments at a handling fee.   Participating banks will try their best to assist applicants, it said, adding that borrowers who pay any fees to a third party will suffer a direct financial loss.   The statement said banks reviewing loan applications will exercise professional expertise, judgement and care to conduct customer due diligence and verify borrowers' eligibility. HKMC Insurance will also conduct checks and strive to ensure approved applications meet the requirements.   Any suspected illicit behaviour such as producing false declarations or using false instruments will be reported to law enforcement agencies, it noted.   Call participating banks or the loan guarantee scheme hotline at 2536 0392 for enquiries.
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