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Banking Sector Increases SME-Dedicated Fund Size to HKD450B
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The Hong Kong Monetary Authority (HKMA), together with the banking sector, has introduced 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. Specifically, 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 HKD370 billion in October 2024 to over HKD450 billion at present, demonstrating the banking sector's commitment to supporting SMEs. Auto-translated by AI AASTOCKS Financial News |
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