Financial news
Written by: Zhang Weilun
2020-01-20 21:41
Last updated: 2020-01-20 21:41The HKMA's convener of the banking SME loan coordination mechanism held its second meeting today. Representatives from the Hong Kong Association of Banks, 10 major banks active in SME loans, and mortgage insurance companies discussed other support for SMEs. Measures.
The overall credit line granted by participating banks to SMEs increased by 2.7 billion yuan or 0.6% in the fourth quarter of last year. Since mid-October last year, more than 40 loan cases with delayed repayments or loan rollovers have been approved, involving more than 1.5 billion yuan. .
Some participating banks have proactively proposed to delay the repayment of loans or rollover of loans to SMEs that have recently been affected by global economic uncertainties and local social events, including transportation, retail, catering, and tourism, so as to reduce the impact of SMEs on the "label" effect. concern. Other participating banks will refer to this approach to strengthen support for SME customers.
The "SME Financing Guarantee Scheme" operated by the insurance company has recently launched a new "90% credit guarantee product", which was previously approved by the Legislative Council for funding. As of 15th of this month, the insurance company has received a total of 82 applications, of which 42 have been approved, involving an amount of about 82 million yuan. At present, 15 banks, including 9 participating banks, have accepted SMEs' applications for "90% credit guarantee products", and the remaining participating banks will launch the product next month. As for the "80% credit guarantee products", more than 2700 applications have been approved last year, involving an amount of about 13.8 billion yuan, up 60% and 89% year-on-year respectively.
Gong Yang Enci, Acting Chairman of the Hong Kong Association of Banks, said that SMEs are an important pillar of Hong Kong's economy. The banking industry is aware that in the current economic environment, it is very difficult for SMEs to operate. Therefore, they have maintained close communication with SMEs and actively responded to various support for SMEs Enterprise measures to assist SMEs in meeting current business challenges. I am glad to see that the measures proposed at the first meeting of the banking SME loan coordination mechanism have made substantial progress. In the future, the industry will continue to study and launch more financing services and arrangements that meet the needs of SMEs through a coordination mechanism to support their development.
HKMA Bankers Association Mortgage Corporation