Opening remarks at the SMEs Forum on Transformation: Digital Edge

The opening speech at the “SME Transformation Forum: Digital Advantage” was delivered by Zhu Liqiao, Assistant Vice President of the Hong Kong Monetary Authority. He emphasized the importance of digital transformation for small and medium enterprises (SMEs) and highlighted the collaborative efforts between the banking sector and various business representatives to support this transition. The forum showcased successful cases of digitalization and provided practical information to help SMEs enhance operational efficiency and competitiveness. Zhu noted the introduction of flexible financial products and support from banks, including quick loan approvals and targeted funding for sectors like manufacturing and transportation. He also discussed initiatives such as the “Account Interconnection” platform and “Commercial Data Interchange,” which streamline loan applications and improve access to financial services. The speech concluded with a call for continued collaboration among banks, businesses, and technology providers to leverage digital solutions for SME growth. Resources: https://www.hkma.gov.hk/chi/news-and-media/speeches/2025/06/20250617-1/