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…
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Hong Kong’s antitrust watchdog has launched a website to help small and medium-sized enterprises better navigate the Competition Ordinance after a survey showed that only a quarter of firms polled were adequately equipped to comply with the law. The survey conducted found that more than 70 per cent of the respondents believed the ordinance could…
A new free-trade deal between Hong Kong and Peru will help local firms and investors tap into Latin America in areas such as innovation and technology, finance, transport and research and development while also promoting the city, business leaders have said. Industry figures said on Saturday they welcomed the signing of the deal after Hong…
Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for…
China’s “little giants” are at the vanguard of its next technological leap. The number of these small and medium-sized enterprises, nurtured under the 14th five-year plan to lead in advanced tech sectors, has exceeded the government’s target. The government aims to accelerate their growth further with expanded capital access. But their leap from innovation to…
HSBC, the city’s biggest lender, expects six more rate cuts in the US, which will considerably bring down the cost of funding and benefit the local economy and markets, according to its Hong Kong head. The Federal Reserve, which cut its key rate by half a percentage point on September 18, will undertake another six…
With more courage (or naivety) than fear, I left a well-paid job 16 years ago to found my design practice. Since then, work has never been just a job with regular hours. From a lone warrior in the beginning to a team of 10 at our peak, the struggle never ended. The company has always…