Many small companies in Hong Kong find it difficult to get bank loans as they do not have collateral. Photo: Bloomberg
Many small companies in Hong Kong find it difficult to get bank loans as they do not have collateral. Photo: Bloomberg

exclusive | Hong Kong’s struggling small businesses may soon find it easier to get bank loans, thanks to HKMA’s new data platform

  • The Commercial Data Interchange will allow banks to make quick and easy decisions about lending to SMEs, says HKMA chief executive Eddie Yue Wai-man
  • Yue, who will mark his third anniversary at the helm of Hong Kong’s de facto central bank on Saturday, has been a keen promoter of fintech

Many small companies in Hong Kong find it difficult to get bank loans as they do not have collateral. Photo: Bloomberg
Many small companies in Hong Kong find it difficult to get bank loans as they do not have collateral. Photo: Bloomberg
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