HSBC offers US$5.2 billion in loans to small business owners as Hong Kong’s economic recovery gains traction

//HSBC offers US$5.2 billion in loans to small business owners as Hong Kong’s economic recovery gains traction

HSBC offers US$5.2 billion in loans to small business owners as Hong Kong’s economic recovery gains traction

HSBC has earmarked HK$40 billion (US$5.16 billion) for loans to small and medium-sized business owners in response to a push from Hong Kong’s government officials who are hoping that the extra capital will help the city’s economic recovery gather pace.Europe’s biggest lender said on Thursday that it would offer incentives to encourage the 340,000 small and medium-sized enterprises (SMEs) to borrow starting from Thursday, including a two-month interest rebate of up to HK$20,000 and several fee…

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By | 2021-05-20T11:00:10+00:00 May 20th, 2021|Business|Comments Off on HSBC offers US$5.2 billion in loans to small business owners as Hong Kong’s economic recovery gains traction