Press Release 2008

SMEC welcomes the enhancement measures of the SME Funding Schemes
Saturday, October 18, 2008

The following is issued on behalf of the Small and Medium Enterprises Committee:

The Chairman for the Small and Medium Enterprises Committee, Mr Yu Kwok-chun, welcomed the enhancement measures proposed by the Secretary for Commerce and Economic Development, Mrs Rita Lau, today (October 18) concerning the Small and Medium Enterprises (SME) Funding Schemes. He considered that the enhancement measures could effectively help SMEs in solving their cash flow problem, and hoped that the Legislative Council could approve the proposals as soon as possible.

In addition, Mr Yu hoped that after the enhancement measures had been implemented, the banks would respond positively, so that more SMEs could benefit from the Scheme to get through this difficult time.

Ends