This undated photo captures a worker checking the operation of a carbon fiber production line at a factory in Lianyungang, Jiangsu province. (GENG YUHE / FOR CHINA DAILY) BEIJING – China has stepped up credit support for technology companies this year, with half of the sector’s small and medium-sized enterprises (SMEs) receiving loans by the…
HSBC is launching a new education series to equip Hong Kong’s small and medium-sized enterprises (SMEs) with knowledge to help them maintain smooth business operations amid the threat of disruption from US tariffs. The city’s largest lender said the Account Fitness initiative would help SMEs effectively manage and maintain healthy accounts. “Many entrepreneurs of SMEs…
Hong Kong’s Trade Development Council (HKTDC) is searching for a replacement for its executive director ahead of her retirement, with the Post learning that the government prefers a candidate with a strong grasp of both geopolitical issues and commerce. According to an insider familiar with the hiring process, a selection committee headed by the financial…
United States President Donald Trump has unleashed a trade war by imposing “reciprocal tariffs” on about 90 countries across the globe. After temporarily dropping the new tariffs to 10 per cent for 90 days on April 9 to allow trade negotiations with those countries, he hit China harder and raised the levy on Chinese imports…
United States President Donald Trump has unleashed a trade war by imposing “reciprocal tariffs” on about 90 countries across the globe. After temporarily dropping the new tariffs to 10 per cent for 90 days on April 9 to allow trade negotiations with those countries, he hit China harder and raised the levy on Chinese imports…
MyGuava Business helps small and medium-sized businesses in the UK to manage the challenge of payment processing fees, which have long been an unavoidable cost of operation. Whether through in-store POS terminals or online transactions, these fees directly impact profit margins, often leaving smaller businesses at a disadvantage compared to larger enterprises. Lowering Costs, Elevating Business…
Less than 30 per cent of organisations in Hong Kong have established guidelines for employees using artificial intelligence (AI), the city’s privacy commissioner has said, urging companies to avoid inputting sensitive data into such tools as much as possible. Privacy Commissioner Ada Chung Lai-ling said on Sunday that further amendments to the Personal Data (Privacy)…
Standard Chartered will open one wealth management centre a year over the next five years in Hong Kong as part of its global strategy to grow its wealth business and also tap small and medium-sized enterprises (SMEs) in the Greater Bay Area, according to a senior executive. “We are focused on opening more wealth management…
Hong Kong’s small and medium-sized enterprises (SMEs) are seeking funding support and easier loan access, as rising costs have landed at the top of their list of worries, according to DBS Bank (Hong Kong). Operational costs had become the top concern for 60 per cent of the city’s SMEs, according to the bank’s survey of…
A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises (SME), which account for 98 per cent of the enterprises in the city, to help resolve cash-flow issues. The Hong Kong Association of Banks (HKAB) said on Monday that a total of 18 banks on…