Government measures to assist SMEs in the ongoing crisis

As the impacts of the coronavirus (COVID-19) outbreak continue to be felt across all sectors of Hong Kong’s economy, the HKSAR Government has announced a range of measures to assist the city’s many SMEs cope with the crisis.

The Chamber is in ongoing discussions to arrange a dedicated session with Government representatives to help our members best understand the measures.

A snapshot of the initiatives:

100% Loan Guarantee under the SME Financing Guarantee Scheme subject to a ceiling of $2 million

Support for business to fight the downturn

Support and consultation center for SMEs & Government Funding schemes

SME Fund

Retail Sector Subsidy Scheme under Anti-epidemic Fund

SME Reachout

Face-to-face meetings to enhance SME’s understanding of the Government’s funding schemes, with a view to encouraging better utilisation of the support provided by the Government.

For enquiries, contact the hotline (2788 6262) or email sme_reachout(@)hkpc.org

Useful links

Entrepreneur and SME AD MediLink provides daily information on Coronavirus epidemia OT&P Healthcare: Coronavirus: the distinction between a disease and an epidemic LPA-CGR Avocats: Guidance for Hong Kong employers during the Coronavirus crisis