Loan Guarantee Scheme Supports Hong Kong's Retail SMEs Amid Pandemic Challenges
Wednesday, 5 June 2024, 13:30
HK$19 Billion in Loans Approved for Hong Kong's Retail SMEs
The Commerce Minister announced that over 6,000 companies and 53,000 employees have benefited from the loan guarantee scheme initiated in April 2020. The scheme was designed to provide financial support to retail SMEs impacted by the pandemic.
Key Points:
- Over 6,000 companies have availed loans
- 53,000 employees have benefited
- Loan guarantee scheme started in April 2020
- HK$19 billion in total loans approved
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.