The Hong Kong government has recently declared a significant financial boost aimed at fostering the growth of local businesses. With an investment of $1.5 billion, this initiative seeks to enhance business development and facilitate global expansion for enterprises based in Hong Kong. The funds will be allocated to two primary programs: one focused on branding, upgrading, and domestic sales, and the other on export marketing and support for trade and industrial organizations. These measures are expected to streamline application processes and provide much-needed resources for businesses looking to grow.

Financial Secretary Paul Chan highlighted the success of existing support mechanisms during his 2025-2026 Budget Speech. By the end of last year, over $288 billion in loans had been approved under the SME Financing Guarantee Scheme, benefiting nearly 65,000 small and medium-sized enterprises (SMEs). To further alleviate financial pressures, a principal moratorium arrangement was reintroduced in November, offering up to 12 months of payment relief. Banks participating in the Taskforce on SME Lending have also bolstered their dedicated SME financing portfolios to over $390 billion, demonstrating a commitment to easing cash flow challenges for these businesses.

To assist SMEs in tapping into Mainland markets and boosting e-commerce, the Hong Kong Trade Development Council (HKTDC) has launched the “E-Commerce Express” program. This initiative offers comprehensive support through personalized consultations, thematic seminars, and an enhanced mentorship scheme in collaboration with the Trade and Industry Department. Additionally, HKTDC plans to organize the second Hong Kong Shopping Festival, providing more opportunities for SMEs to thrive in both domestic and international markets. Such efforts underscore the government's dedication to fostering a vibrant and resilient business environment that encourages innovation and sustainable growth.