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 city’s de facto central bank, on Wednesday said the measures for the SMEs were designed to improve access to financing, strengthen their business resilien...

By Emily Hung