The Hong Kong Housing Association has signed a HK$12 billion syndicated loan to support the development and financing of housing.

Golden Ten Data, September 12 news, the Hong Kong Housing Society (Housing Society) announced that it has signed a 12 billion Hong Kong dollar five-year term and revolving syndicated loan with twelve local and international banks, making it the largest syndicated loan amount ever achieved by the Housing Society, including 3 billion Hong Kong dollars in social responsibility loans. Chen Jiale, Chairman of the Housing Society, said: 'I am very pleased that this syndicated loan has received enthusiastic support from the banking industry. This loan not only represents the trust of the banking industry in the development of the Housing Society, but also supports the well-being of Hong Kong citizens and demonstrates confidence in the future of Hong Kong, carrying multiple implications. This loan will be used to support the business development of the Housing Society, especially in funding housing projects. The 3 billion Hong Kong dollar social responsibility loan will be used for specific housing projects, providing affordable housing assistance to citizens of different social strata, creating long-term value for sustainable social development.'