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HKMA Pairs with Cyberport, Banks to Host SME Digital Technology Solution Day
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The Hong Kong Monetary Authority (HKMA) announced that the HKMA, Hong Kong Cyberport Management Company Limited (Cyberport), the Hong Kong Association of Banks and the Chinese Banking Association of Hong Kong successfully co-organized the SME Digital Technology Solution Day today (11th). Over 100 participants from small and medium-sized enterprises (SMEs) in the food and beverage (F&B) and retail sectors, bank representatives as well as technology solution providers gathered to exchange views on how the banking sector can support SMEs’ digital transformation through big data and technology. So far, seven banks have committed to offering fast-approval loan products for SMEs that have applied for these schemes. Such loans can be approved within five working days, so as to meet the upfront financing needs of SMEs for adjusting their business operations and developing new businesses and markets. Other banks that are active in SME lending are also contemplating to launch similar products. AAStocks Financial News |
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