HSBC, 13 other lenders pledge to support Hong Kong SMEs amid financing struggles

Quick Summary:

Fourteen banks active in lending to the city’s small businesses have pledged to step up lending efforts to support their financing needs.

People walk along a row of small businesses in Mong Kok during a storm in June 2024.

They also agree to approve worthy mortgage loans within two weeks.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChinaOman

Topics: Banks Businesses Pledged Small Credit Hong Approval Financing Kong Last Month

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 21:39:07 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22376708

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 21 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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