Yu Weiman: Measures to support small and medium-sized enterprises are unprecedented, and the banking industry is still working with customers to tide over the difficulties.

During this social incident and epidemic, many businesses have been severely affected and their operations have been severely hit. In order to support SMEs, the Hong Kong Monetary Authority and the banking industry established the "Banking Sector SME Loan Coordination Mechanism" and launched multiple rounds of support measures.

These measures are designed to help businesses survive the current difficulties, and the banking industry has been supportive of businesses' funding needs in a considerate manner. This unprecedented level of support has been widely praised, demonstrating the care and support of the HKMA and the banking industry for small and medium-sized enterprises.

Support measures include:

• Provide low-interest loans
• Extend repayment period
• Interest exemption
• Provide more flexible repayment arrangements

These measures will help reduce financial pressure on businesses and enable them to weather the current difficult period. This support from the Hong Kong Monetary Authority and the banking industry will have a positive impact on the entire society and promote economic stability and development.

Yu Weiwen said:

As a representative of the Hong Kong Monetary Authority, Yu Weiman said that the measures to support small and medium-sized enterprises are unprecedented in intensity, which fully demonstrates the concern and support of the Hong Kong Monetary Authority for small and medium-sized enterprises. He called on more companies to take advantage of these support measures to tide over the current difficult period together.

Overall, these support measures from the HKMA and the banking industry will have a positive impact on the entire society, help companies survive the current difficult period, and promote economic stability and development.