CGCC Welcomes Government’s Relief Measures for SMEs
CGCC supports the SAR Government’s newly released relief measures, especially those measures to facilitate SMEs in obtaining loan and reducing operation cost.
Chamber's View
| RMB Trade Settlement Pilot Scheme Should Cover Enterprises in Various Sizes |
| The cross-border RMB trade settlement pilot scheme to be launched in Shanghai, Guangdong, and 2 other cities does not only lower enterprises' exchange risk and operating cost, foster the RMB business in HK, but also promotes Mainland's external trade and RMB internationalization. |
| 5 Suggestions Complementary to Supportive Measures of the Central Government |
| Premier Wen Jiabao proposed 5 measures to support HK and Macau to overcome the financial crisis. As such, we would like to offer some suggestions on facilitating the implementation of these measures, and hope the SAR government and business community would prepare well. |
| 3 Suggestions for HK's Economic Development |
| In respect of how the SAR Government can support SMEs, apply the money from bond issuance and help enterprises to explore the mainland market, we suggest: 1. trimming borrowing cost for SMEs, 2. financing infrastructure projects and 3. helping enterprises to explore mainland market. |
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