Hang Seng organises $100m social loan for Unistress

This funding will entail establishing schools for children and transitional homes for low-income households.

Hang Seng Bank inaugurated its first social loan for Unistress Building Construction to sponsor Hong Kong’s community development projects.

The bank has set up HK$100m as its first social loan for the commercial customer, Unistress.

Three of Unistress’ social projects will be financed and refinanced by the bank, precisely for the establishment of a primary school located in Fo Tan as well as two special schools in Kowloon Tong for children with “intellectual disabilities”.

ALSO READ: Hang Seng Bank, Visa to test CBDC use cases in Hong Kong

Further, it also aims to put up transitional housing for low-income households in Yuen Long.

The social loan adheres to the Social Loan Principles set forth by the Asia Pacific Loan Market Association, the Loan Market Association, and the Loan Syndications and Trading Association.

Follow the link for more news on

Hang Seng Bank

Also Read

OCBC Ignite aims to double poly graduate intake

Singapore’s big banks aim for 96% emissions cut by 2050

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia