Hang Seng Bank unveils HK$33bn fund to support SMEs in HK

Hang Seng Bank has unveiled the HK$33bn SME Power Up Fund, to support the growth, cross-boundary development, and sustainable progression of Hong Kong’s small and medium-sized enterprises (SMEs).

Among the local SMEs that Hang Seng is serving, over half of its SME customers have sustained partnerships exceeding a decade, and more than 60% of new customers are start-up ventures, according to…