The Hong Kong Monetary Authority (HKMA) has rolled out a new SME information hub on its website, aiming to aid small and medium-sized enterprises impacted by shifts in consumer and tourism spending. The platform offers insights into SME lending services provided by major banks like HSBC, Standard Chartered, and Bank of China (Hong Kong), along with SME service hotlines and various loan products.
"We hope that the platform can make it easier for SMEs to compare loan offerings from different banks and enhance their bargaining power," said Eddie Yue Wai-man, CEO of HKMA.
