The HKMA has introduced a number of measures recently to support the city’s 340,000 SMEs. Photo: Felix Wong

New Hong Kong virtual lender Ping An OneConnect, HSBC ease banking processes in battle for SME sector

  • Ping An OneConnect allows SME owners to open corporate bank accounts within a day through its mobile app
  • HSBC starts allowing small businesses to open accounts without any face-to-face meetings at a branch, or submission of documents and signatures
Topic |   Ping An Insurance
The HKMA has introduced a number of measures recently to support the city’s 340,000 SMEs. Photo: Felix Wong
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