CBSA member banks support the SME sector

The Chinese Banks’ Association (“CBSA”) welcomes the nine measures announced by the Hong Kong Monetary Authority (“HKMA”) and the Banking Sector SME Lending Coordination Mechanism to support small and medium-sized enterprises (“SMEs”) in accessing finance and fostering their sustainable development.

CBSA believes that SMEs play an indispensable role in Hong Kong, and are vital to the economy. Our member banks have always supported the development of local SMEs.

In the century since CBSA was established, our member banks have provided SME clients with financing, advisory services and tailor-made solutions, using their professional knowledge and experience to grow together with their customers. CBSA welcomes the series of measures proposed in the budget to help SMEs enhance their competitiveness and explore new markets. We firmly believe that supporting the SME sector will benefit Hong Kong’s economic recovery.