SME financing scheme sees bad loans spike

advertisement
Hong Kong Monetary Authority deputy executive Howard Lee. SING TAO
Hong Kong Monetary Authority deputy executive Howard Lee. SING TAO

A special loan scheme for small and medium-sized local firms has seen the city's bad loan rate rise to 13.5 percent and maintain an upward trend, according to the Hong Kong Monetary Authority.

HKMA deputy chief executive Howard Lee Tat-chi revealed the data at the Legislative Council’s meeting today and said that the authority will carefully manage the bad loans of the Special 100 percent Loan Guarantee under the SME Financing Guarantee Scheme.

Lee said the loans will be pursued in the event of malicious defaults. He also hopes that the rising default trend will be slowed down.

As of January 15, about 42,000 applications have been approved for the scheme's 80- and 90 percent loan guarantee products, involving a total amount of HK$145.4 billion.

Related Article
Trade Definition in Finance: Benefits and How It Works
3 Ways Robots Affect the Economy
What Country Spends the Most on Healthcare?
HKEX will push for top global investors, says Chan
US stocks join global selloff on Trump tariffs
HSI hits three-month high as Sino-US trade battle escalates
Purchasing manager's index at lowest level in four months
Xiaomi softly debunks rumors of AI glasses' early launch
©2025 EcoInvest All Rights Reserved
Privacy Policy
Terms of Service
  •  HOME
  •  HOT ARTICLES
  •  RECOMMENDED
  •  LATEST NEWS
  •  POPULAR POSTS
  •  RELATED ARTICLE
  •  PRIVACY POLICY
  • Home
  • HOT ARTICLES
  • RECOMMENDED
  • LATEST NEWS
  • POPULAR POSTS
  • RELATED ARTICLE
  • PRIVACY POLICY