The Hong Kong Monetary Authority (HKMA) has announced the launch of a one-stop platform designed to support the growth and resilience of small and medium-sized enterprises (SMEs) in the city.

Quick Summary:

The Hong Kong Monetary Authority’s SME information platform is part of its ongoing efforts to help SMEs affected by the shift in consumer and tourist spending patterns.

The HKMA will work closely with the banking and commercial sectors to introduce the remaining measures that were announced last month but have not yet been implemented.

Some retailers and restaurants have benefited while others have seen a decline in business,” Yue said.“In this complex and ever-changing economic environment, some SMEs may be facing greater operating pressure.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Platform Other Last Banks Hong Lending Measures Restaurants Hkma Smes Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-23 @ 06:00:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 20761561

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