Seminar on banking sector's support measures for small and medium-sized enterprises (with photos)

******************************************************************************************

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), the Hong Kong Association of Banks and the Chinese Banking Association of Hong Kong co-organised a seminar on the banking sector's support measures for small and medium-sized enterprises (SMEs) today (June 24), which was successfully concluded. Supporting organisations included the Trade and Industry Department's Support and Consultation Centre for SMEs, The Hong Kong Mortgage Corporation Limited, The Chinese Banks' Association, Hong Kong Export Credit Insurance Corporation and Hong Kong Productivity Council. The seminar brought together 200 representatives from the banking sector, trade associations and chambers and SME operators (see Annex 1), who have actively exchanged views on the banking sector's support measures as well as diverse services for SMEs.

     Since the introduction of the nine SME support measures by the HKMA and the Banking Sector SME Lending Coordination Mechanism on March 28 this year, around 7 000 SMEs have benefitted from the measures, involving an aggregate credit limit of over HK$15 billion. Today's seminar enabled the banking sector to further understand the needs of SMEs, while at the same time strengthened customers' awareness of the support measures.

     The three panel discussions covered topics including how banks leverage financial technology, including the HKMA's Interbank Account Data Sharing (IADS) initiative, to help SMEs obtain bank financing in an easier and faster manner, and how banks support the business transformation of SMEs. Several SME operators shared experiences and success stories of how they have benefitted from the banks' support in branching out into other markets and expanding their business to different regions (see Annex 2).

     The HKMA will continue to maintain close communication and exchange with the banking and commercial sectors to support the continuous development of SMEs.

Ends/Monday, June 24, 2024
Issued at HKT 19:27

NNNN

Archives Yesterday's Press Releases

Back to Index Page

Today's Press Releases

Photo

Deputy Chief Executive of the Hong Kong Monetary Authority Mr Arthur Yuen delivers welcome remarks at the seminar on banking sector support for small and medium-sized enterprises.

Deputy Chief Executive of the Hong Kong Monetary Authority Mr Arthur Yuen (front row, seventh from left); the Acting Chairperson of the Hong Kong Association of Banks, Mr Frank Fang (front row, fifth from left); Vice Chairman and Secretary of the Chinese Banking Association of Hong Kong, Mr Ronick Chan (front row, eighth from left); Member of the Executive Council and Chairman of the Legislative Council Panel on Commerce, Industry, Innovation and Technology, Mr Jeffrey Lam (front row, sixth from left); the Executive Director (Banking Supervision) of the Hong Kong Monetary Authority, Ms Carmen Chu (front row, ninth from left); and representatives from the supporting organisations and trade associations and chambers attend the seminar.

(From left) Director, Win Target (HK) Limited, Mr Joe Cheung; Senior Vice President and Head of Digital Transformation Division, Shanghai Commercial Bank Limited, Mr Eric Fan; Managing Director, Dr-Max Limited, Mr Lo Ying-kit; Managing Director and Head of Business Banking Hong Kong, the Hongkong and Shanghai Banking Corporation Limited, Ms Christina Ong; and Director and Chairman of Policy Sub-committee, Hong Kong General Chamber of Young Entrepreneurs, Mr Sam Sio, discuss how financial technology facilitates small and medium-sized enterprises to obtain bank financing in an easier and faster manner during a panel discussion.

(From left) Founder and Managing Director, Arredamenti Co Limited, Ms Jane Tong; Finance Director, QFPay Haojin Fintech Limited, Mr Terry Chan; President, E-Commerce Association of Hong Kong, Mr Stanley Lee; Head of Enterprise Banking Department, the Bank of East Asia, Limited, Mr Ken Kwan; and Managing Director and Head, SME Banking, Wealth and Retail Banking, Hong Kong, Standard Chartered Bank (Hong Kong) Limited, Ms Winnie Tung, exchange views on how the banking sector supports the business transformation of small and medium-sized enterprises.

(From left) Assistant Chief Executive, Nanyang Commercial Bank, Limited, Mr Beyond Ng; President, Hong Kong Commerce and Industry Associations, Mr Paul Yeung; President, the Hong Kong Chinese Importers' and Exporters' Association, Mr Pui Kwan-kay; Chairman, Global Telecommunication Int'l Limited, Mr Chen Nanfeng; Chief Operating Officer and Executive Director, Envision Greenwise Holdings Limited, Ms Kwok Ho-yee; and Deputy General Manager, Commercial Banking Department, Bank of China (Hong Kong) Limited, Mr Aero Wong, discuss how the banking sector assists small and medium-sized enterprises to "go out" and expand businesses to different regions at the seminar.

Attachment

Annex 1

Annex 2