HKMA’s Chan stresses importance of SME financing
The Hong Kong Monetary Authority's Special Loan Guarantee Scheme, launched at the end of 2008, was crucial to aiding small and medium enterprises (SMEs) at the height of the financial crisis, Norman Chan, the chief executive of the central bank, said Monday.
Speaking in his capacity as deputy chairman of the Hong Kong Mortgage Corporation at the launching of a financing guarantee scheme for SMEs, Chan described such firms as an "important pillar of the Hong Kong economy and employment."
The SME
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