https://www.scmp.com/rss/518395/feed Hang Seng Bank supports small-medium-sized enterprises in Hong Kong to overcome challenges and seize opportunities in the Greater Bay Area. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Despite a steady improvement in the Hong Kong economy, challenges remain for the city’s businesses, including shifting local consumer and tourist spending patterns, and rising operational costs such as the ban on single-use plastics. “These are examples of the types of challenges businesses have to face,” Regina Lee, head of commercial banking at Hang Seng Bank, says. “They need to transition and explore new ways to grow. All these efforts require funding and cash flow, and that’s where we can... https://www.scmp.com/native/business/banking-finance/topics/powering-hong-kongs-smes/article/3276342/hang-seng-continues-back-hong-kongs-business-community-new-funding-initiatives?utm_source=rss_feed https://www.scmp.com/native/business/banking-finance/topics/powering-hong-kongs-smes/article/3276342/hang-seng-continues-back-hong-kongs-business-community-new-funding-initiatives?utm_source=rss_feed Fri, 30 Aug 2024 04:09:46 +0000 Hong Kong is famous for its entrepreneurial spirit and the resilience of its many small and medium-sized enterprises (SMEs), which are an important driving force in the city’s economic development. For years, SMEs have helped Hong Kong weather devastating challenges, including financial crises and the Covid-19 coronavirus disease pandemic. Government figures show Hong Kong is now home to about 362,000 SMEs, which comprise more than 98.5 per cent of its total number of business units and account... https://www.scmp.com/native/business/topics/powering-hong-kongs-smes/article/3259494/hang-seng-bank-helps-crucial-smes-evolve?utm_source=rss_feed https://www.scmp.com/native/business/topics/powering-hong-kongs-smes/article/3259494/hang-seng-bank-helps-crucial-smes-evolve?utm_source=rss_feed Mon, 22 Apr 2024 08:00:16 +0000