Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans

Hong Kong has introduced a new support package for small and medium-sized enterprises (SMEs) affected by the global fuel crisis and geopolitical tensions, increasing available bank lending by 21% to HK$450 billion (US$78.43 billion). The measures aim to enhance financing access, strengthen business resilience, and facilitate transformation. Key initiatives include flexible repayment options, loan tenor extensions, and expedited approvals under the SME Financing Guarantee Scheme. Since 2024, these measures have benefited over 89,000 SMEs, with a total credit limit exceeding HK$209 billion. SMEs represent 98% of Hong Kong's enterprises, employing 43% of the workforce.