HSBC offers Hong Kong SMEs a helping hand with account fitness initiative
Lender’s educational initiative aims to help businesses maintain smooth operations
The city’s largest lender said the account fitness initiative would help SMEs effectively manage and maintain healthy accounts.
“Many entrepreneurs of SMEs do not yet know how to take good care of their bank accounts,” said Frank Fang, head of commercial banking for HSBC Hong Kong and Macau, on Friday. “Therefore, it is necessary for us to use both online and offline resources to help everyone understand this.”
The HSBC initiative includes a digital guidebook for SMEs, which covers seven essential habits for effective business account management, such as account usage, payment management and communication with banking partners.
HSBC said it would also offer personalised support including consultation and advisory services to help SMEs prevent common pitfalls that could disrupt their bank account usage.