The Importance of Government Support in Enabling Banks to Back SMEs' Financing Needs as Discussed by HSBC Co-CEO
Thursday, 20 June 2024, 10:30
Government Support for Banks and SMEs
In a recent forum, top executives discussed the critical role of government aid in enabling banks to effectively support the financing needs of small and medium-sized enterprises (SMEs).
Technological Advancements in Finance
The use of big data, AI, and blockchain technologies is highlighted as essential in enhancing financial inclusivity and accessibility for SMEs.
Collaborative Efforts for Economic Growth
- Increased government assistance: More support is needed to strengthen banks' ability to back SMEs financially.
- Emphasis on collaboration: Joint efforts between financial institutions and regulatory authorities are crucial for catering to evolving SME needs.
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.