Hong Kong SMEs want funding support amid mounting costs, survey finds
Hong Kong's small and medium-sized enterprises (SMEs) are prioritizing funding support and easier loan access as their primary concern shifts to rising operational costs. A recent DBS Bank (Hong Kong) survey revealed that 60% of SMEs now cite operational costs as their top worry, a significant change from the previous year when geopolitical uncertainties were the main concern.
The survey also indicated that over half of the SMEs are hoping for financial support from the government, particularly assistance in expanding into new markets in Asia and the Middle East. Additionally, they seek help with business matching, networking, and support for technology and innovation. The anticipation of potential tariffs linked to Donald Trump's possible return to the White House is contributing to concerns about rising costs, further complicating the economic outlook for these businesses.
via SCMP Full Text Feed
Hong Kong's small and medium-sized enterprises (SMEs) are prioritizing funding support and easier loan access as their primary concern shifts to rising operational costs. A recent DBS Bank (Hong Kong) survey revealed that 60% of SMEs now cite operational costs as their top worry, a significant change from the previous year when geopolitical uncertainties were the main concern.
The survey also indicated that over half of the SMEs are hoping for financial support from the government, particularly assistance in expanding into new markets in Asia and the Middle East. Additionally, they seek help with business matching, networking, and support for technology and innovation. The anticipation of potential tariffs linked to Donald Trump's possible return to the White House is contributing to concerns about rising costs, further complicating the economic outlook for these businesses.
via SCMP Full Text Feed
