Hong Kong's small- and medium-sized enterprises (SMEs) are calling on their bankers for more credit to fund their growing business on mainland China - providing one of the few growth spots in an otherwise lacklustre local lending market, according to HSBC.
“If you look at underlying growth, personal sector lending is still pretty modest in Hong Kong,” group finance director Douglas Flint said. “But we are beginning to see stronger growth in the commercial [SME] sector, where the impact of mainly China tourism influences has been quite significant.”
