HKMA Outlines Digital Support Framework for SME Transformation
本文包含AI辅助创作内容
At the SME Transformation Forum co-hosted by the Hong Kong Association of Banks and the Chinese Banking Association of Hong Kong, Carmen Chu, Executive Director (Banking Supervision) of the Hong Kong Monetary Authority (HKMA), highlighted how the financial sector is enhancing support for SMEs through digital innovation, sustainability, and cross-border business facilitation.
Since early 2025, HKMA and 18 participating banks have held over 200 seminars and consultations with business representatives. In April, responding to economic uncertainties, the HKMA and the banking sector jointly introduced targeted measures to ease SME financing pressure. These include extending trade loan repayment periods (e.g., 90 or 120 days), sector-specific working capital loans (such as for taxi fleet operators), and flexible repayment arrangements aligned with the “principal moratorium” model.
Chu emphasized that digital transformation enables SMEs to streamline operations, reduce costs, and enhance customer responsiveness through better data analysis and e-commerce expansion. Eight banks now offer fast-track loan products that match government funding schemes, with approved digital transformation loans exceeding HK$230 million since October 2024.
Banks are also applying data and technology to improve credit delivery. Through HKMA’s Interbank Account Data Sharing (IADS) platform, participating banks have processed SME loan applications totaling HK$130 million, simplifying document submissions and accelerating approval times.
Meanwhile, the Commercial Data Interchange (CDI) has facilitated over 50,000 loan applications, with a total credit amount of HK$42 billion since its launch in October 2022. HKMA's upcoming CargoX initiative will further integrate logistics data to support trade finance.
Chu noted that technology providers play a critical role and welcomed their practical insights during the forum—ranging from CRM to AI-driven automation and digital marketing.
HKMA will continue working closely with banks, businesses, and technology providers to unlock synergies across finance and data, aiming to accelerate SME upgrading and sustainable growth.
First, please LoginComment After ~