HKMA, Cyberport and banking sector co-organise “SME Digital Technology Solution Day”

The Hong Kong Monetary Authority (HKMA), Cyberport, the Hong Kong Association of Banks, and the Chinese Banking Association of Hong Kong co-organized the SME Digital Technology Solution Day on November 11, bringing together over 100 participants from SMEs in the food and beverage and retail sectors, banks, and technology providers. The event focused on how the banking sector can assist SMEs in their digital transformation through big data and technology solutions. In October, the HKMA launched new initiatives, including fast-approval loans for SMEs participating in the Digital Transformation Support Pilot Programme (DTSPP), designed to support business adjustments and growth. Banks also shared success stories of helping SMEs digitalize operations, and the HKMA emphasized continued collaboration to foster SME development and economic growth.

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/11/20241111-4/