WNA Globe

World News by Wild Rose

#SME ร—

Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans

Hong Kong authorities have rolled out a fresh package of measures to support small and medium-sized enterprises (SMEs) reeling from the global fuel crisis and geopolitical tensions in the Middle East, including a 21 per cent increase in available bank lending to HK$450 billion (US$78.43 billion). The Hong Kong Monetary Authority (HKMA), the cityโ€™s de facto central bank, on Wednesday said the measures for the SMEs were designed to improve access to financing, strengthen their business resilience,...