Webinar on “Maneuvering Your Business Through Challenging Times” (2)

As part of the webinar series co-organised with the Hong Kong Export Credit Insurance Corporation (HKECIC), this session provides small-and-medium businesses with updated intelligence on global market and export, as well as information on the latest support schemes offered by The Hong Kong Mortgage Corporation Limited (HKMC) and HKECIC.

With comparative advantages like competitive wages, adoption of preferential treatment and FTA, relative ease of doing business and enhanced logistics and supply chain efficiency, HKTDC economist shared ASEAN as a destination businesses looking for alternative manufacturing to diversify risk. The growth of middle class and rapid development of B2C e-commerce channels also makes ASEAN a consumer market with huge potential.

In view of the pressure on businesses in this already difficult environment, HKMC has launched the Special 100% Loan Guarantee under the SME Financing Guarantee Scheme in April this year to help ease cash flow problem of industries seriously hit by COVID-19, and has enhanced the current 80% and 90% guarantee coverage schemes by increasing the maximum loan amount, offering interest subsidy and extending guarantee period. HKECIC has also launched a new round of enhanced measures to support Hong Kong exporters, including free pre-shipment cover, 20% uplift in valid credit limit, extension of premium payment due date, premium discount, waiver of annual policy fee and expedition of claims settlement process.

Webinar recording:
https://www.youtube.com/watch?v=AFOdYIvJiHw