Hong Kong authorities released a new package of measures to bolster small and medium enterprises (SMEs). This includes a 21 percent increase in available bank lending, totaling HK$450 billion, aimed at strengthening business resilience.

Hong Kong authorities have rolled out a fresh package of measures to support small and medium-sized enterprises (SMEs) reeling from the global fuel crisis and geopolitical tensions in the Middle East, including a 21 per cent increase in available bank lending to HK$450 billion (US$78.43 billion). The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, on Wednesday said the measures for the SMEs were designed to improve access to financing, strengthen their business resilience,...