Small businesses and home mortgage borrowers are most exposed when high interest rates and falling asset prices combine to exert pressure on cash flow. Timely access to financial relief can make a difference to survival. Within the bounds of prudence, they need lenders to expedite eligible applications for accommodation and reflect temporary business conditions in
“HKMA will not instruct banks on how to make the loan [assessments], but make sure that banks adopt a fair and tolerant manner to help clients with their financial needs,” Yuen said in a media briefing on Friday. “The task force is a channel for SMEs to reflect their [funding] difficulties, and for the HKMA
“Many companies are actively pursuing plans to list in Hong Kong. The string of national policies benefiting Hong Kong is expected to play a supporting role in different economic sectors when they are rolled out successively.” Chan added that the value of the city’s merchandise exports had recorded double-digit year-on-year growth for three consecutive months,
Investors are always chasing good growth stocks, and artificial intelligence (AI) shares are the new darlings. The government-owned Hong Kong Investment Corporation (HKIC) has joined the fray. It has formed its first commercial partnership with home-grown unicorn SmartMore, an AI specialist that produces visual inspection machines for industrial production and assembly lines, which already has