Source: Hong Kong Government special administrative region
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced today (April 29) a new round of support measures to assist local small and medium-sized enterprises (SMEs) in navigating the current fast-changing market environment. The measures were announced following a meeting held by the Taskforce on SME Lending.
1. Increase dedicated funds set aside for SMEs: The 18 participating banks in the Taskforce have further expanded the size of dedicated funds set aside in their loan portfolio for SMEs. The total amount has increased from $370 billion in October 2024 to over $450 billion at present, demonstrating the banking sector’s commitment to supporting SMEs.
Note 4: Bank of China (Hong Kong), Bank of Communications (Hong Kong), Bank of East Asia, China CITIC International, China Construction Bank (Asia), Citibank, Dah Sing Bank, DBS Bank (Hong Kong), Fubon Bank (Hong Kong), Fusion Bank, Hang Seng Bank, The Hongkong and Shanghai Banking Corporation, Industrial and Commercial Bank of China (Asia), OCBC Bank (Hong Kong), Nanyang Commercial Bank, Ping An Digital Bank, Shanghai Commercial Bank, and Standard Chartered Bank (Hong Kong).