18 Banks in Hong Kong Joint Taskforce on SME Lending to Support SME Clients to Resolve Cash Flow Issues, SMEs with Sudden Liquidity Pressure Can Contact Lending Bank for Assistance Which Will Contact Other Banks to Discuss Financial Arrangements, 18 Banks are Bank of China, Bank of Communications, Bank of East Asia, China CITIC BANK, China Construction bank, Citibank, Dah Sing Bank, DBS Bank, Fubon Bank, Fulong Bank, Hang Seng Bank, HSBC Bank, ICBC, Nanyan Commercial Bank, OCBC, Shanghai Commercial Bank, PAO Bank & Standard Chartered Bank
18th February 2025 | Hong Kong
18 banks in Hong Kong joint taskforce on SME lending have announced to support SME clients to resolve cash flow issues. SMEs with sudden liquidity pressure can contact their lending bank for assistance which will contact other banks to discuss financial arrangements. The 18 banks are Bank of China, Bank of Communications, Bank of East Asia, China CITIC BANK, China Construction bank, Citibank, Dah Sing Bank, DBS Bank, Fubon Bank, Fulong Bank, Hang Seng Bank, HSBC Bank, ICBC, Nanyan Commercial Bank, OCBC, Shanghai Commercial Bank, PAO Bank & Standard Chartered Bank. Hong Kong Association of Banks (17/2/25) – 18 members of the joint Taskforce on SME Lending participate in joint discussions with banks to help SME clients resolve cash flow issues. Following the six member banks of the Commercial Banking Group of the Hong Kong Association of Banks who took the lead in jointly negotiating customer financial arrangements under the principle of fairness in response to the challenges of capital flow pressure faced by small and medium-sized enterprises, especially the construction industry, other participating banks of the “SME Financing Task Force” have also agreed to join. So far, all 18 banks have jointly achieved the consistent goal of helping customers solve financial difficulties. Under the joint consultation mechanism, when small and medium-sized enterprises face sudden liquidity pressure, they can proactively contact the lending bank for assistance. After obtaining authorization from the customer, the bank will contact other relevant banks to discuss their financial arrangements. The bank will handle the situation as flexibly as possible according to the individual customer’s situation to reduce the pressure on customers’ liquidity. The Association of Banks and the banking industry will continue to maintain close contact with the industrial and commercial sectors, implement the HKMA’s various measures to support SMEs, and support SMEs in coping with various operational challenges and upgrading and transformation.”
“ 18 Banks in Hong Kong Joint Taskforce on SME Lending to Support SME Clients to Resolve Cash Flow Issues, SMEs with Sudden Liquidity Pressure Can Contact Lending Bank for Assistance Which Will Contact Other Banks to Discuss Financial Arrangements, 18 Banks are Bank of China, Bank of Communications, Bank of East Asia, China CITIC BANK, China Construction bank, Citibank, Dah Sing Bank, DBS Bank, Fubon Bank, Fulong Bank, Hang Seng Bank, HSBC Bank, ICBC, Nanyan Commercial Bank, OCBC, Shanghai Commercial Bank, PAO Bank & Standard Chartered Bank “
List of participating banks:
- Bank of China (Hong Kong) Limited
- Bank of Communications (Hong Kong) Limited
- Bank of East Asia Limited
- China CITIC Bank (International) Limited
- China Construction Bank (Asia) Corporation
- Citibank (Hong Kong) Limited
- Dah Sing Bank Limited
- DBS Bank (Hong Kong) Limited
- Fubon Bank (Hong Kong) Limited
- Fulong Bank Limited
- Hang Seng Bank Limited
- The Hongkong and Shanghai Banking Corporation Limited
- Industrial and Commercial Bank of China (Asia) Limited
- Nanyang Commercial Bank Limited
- Oversea-Chinese Banking Corporation (Hong Kong) Limited
- Shanghai Commercial Bank Co., Ltd.
- PAO Bank
- Standard Chartered Bank (Hong Kong) Limited
Hong Kong Association of Banks (17/2/25) – (2025年2月17日) 繼早前6間香港銀行公會商業銀行小組成員銀行，因應中小企業，尤其是建築業界面對資金流動壓力挑戰，帶頭在公平原則下共同協商客戶財務安排後，其他「中小企融資專責小組」的參與銀行亦全部同意加入，至今所有18間銀行，一起達至協助客戶解決財政困難的一致性目標。在共同協商機制下，當中小企面臨突如其來的流動資金壓力時，可主動聯絡貸款銀行尋求協助。銀行在獲得客戶授權後，會與其他相關銀行聯絡，就其財務安排進行商討。銀行會按照個別客戶情況，在可行的空間下盡量彈性處理，以減輕客戶資金流動性的壓力。 銀行公會及銀行業界將繼續與工商界保持緊密聯繫，落實金管局的各項支持中小企措施，支援中小企應對各種營運挑戰及升級轉型。
18 Banks in Hong Kong Joint Taskforce on SME Lending to Support SME Clients to Resolve Cash Flow Issues, SMEs with Sudden Liquidity Pressure Can Contact Lending Bank for Assistance Which Will Contact Other Banks to Discuss Financial Arrangements, 18 Banks are Bank of China, Bank of Communications, Bank of East Asia, China CITIC BANK, China Construction bank, Citibank, Dah Sing Bank, DBS Bank, Fubon Bank, Fulong Bank, Hang Seng Bank, HSBC Bank, ICBC, Nanyan Commercial Bank, OCBC, Shanghai Commercial Bank, PAO Bank & Standard Chartered Bank
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