The Hong Kong government has announced a number of initiatives for SMEs.
The board has reviewed these programs generally and there may be some applicability to our members, and to the clients of our members.
It is noted that you would like to obtain information on SME support services and funding schemes. Some basic information regarding the topic is appended below for your easy reference.
Overview of SME Support Services and Funding Schemes
2. An information sheet with an overview of SME support services and 10 major funding schemes is attached below for your reference. You may also refer to the designated webpage of the SUCCESS website regarding different funding schemes provided by the Government to promote and support the development of enterprises and industries in Hong Kong. You are advised to contact the relevant departments direct to obtain more information.
SME Loan Guarantee Scheme – Trade and Industry Department
3. Among the government funding schemes, you may wish to note the SME Loan Guarantee Scheme (SGS), operated by the Trade and Industry Department, provides loan guarantee to SMEs to help them secure loans from the participating lending institutions (PLIs) for acquiring (1) business installations and equipment or (2) meeting working capital needs of general business uses. The guide to application, forms and leaflet are available at https://www.smefund.tid.gov.hk/english/sgs/sgs_form.html.
For details, please refer to the website of SGS or contact them direct at:,
SME Export Marketing Fund – Trade and Industry Department
4. Your attention is also drawn to the SME Export Marketing Fund (EMF), run by Trade and Industry Department, which aims to encourage SMEs to expand their markets outside Hong Kong by providing financial assistance to SMEs for participation in export promotion activities. The guide to application, forms and leaflet are available at http://www.smefund.tid.gov.hk/english/emf/emf_form.html.
For details, please refer to the website of EMF or contact them direct at:
Dedicated Fund on Branding, Upgrading and Domestic Sales – Trade and Industry Department
5. You may wish to note that the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), provides funding support to individual Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the Mainland market and ASEAN market, so as to enhance their competitiveness and facilitate their business development in the Mainland and ASEAN market. The guide to application, forms and leaflet are available at https://www.bud.hkpc.org/en/content/application.
For details, please refer to the website of the Secretariat of BUD Fund at Hong Kong Productivity Council (HKPC) or contact them direct at:
6. The Technology Voucher Programme (TVP), operated by the Innovation and Technology Commission, aims to subsidise local SMEs in using technological services and solutions to improve productivity, or upgrade or transform their business processes. Details are available at https://www.itf.gov.hk/l-eng/TVP.asp.
For more information, you are advised to contact ITC direct:
Microfinance Scheme – Hong Kong Mortgage Corporation Limited (HKMC)
7. Apart from government departments, the Hong Kong Mortgage Corporation Limited (HKMC) has launched the Microfinance Scheme in collaboration with banks and non-governmental organisations (NGO). The Scheme aims to offer Micro Business Start-up Loan, Self-employment Loan and Self-enhancement Loan to assist people who wish to start their own businesses, become self-employed or achieve self-enhancement through training, upgrading of skills or obtaining professional certification. Details are available at http://www.hkmc.com.hk/eng/our_business/microfinance_scheme.html.
The SME Financing Guarantee Scheme – Hong Kong Mortgage Corporation Limited (HKMC)
8. The SME Financing Guarantee Scheme (SFGS) administered by the Hong Kong Mortgage Corporation Limited (HKMC) aims to help local SMEs and non-listed enterprises to obtain financing from participating lenders for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment. Under the Scheme, the HKMC Insurance Limited (HKMCI), wholly owned subsidiary of the HKMC, may provide guarantee coverage of 50%-90% to the approved facilities of eligible enterprises. Details are available at http://www.hkmc.com.hk/eng/our_business/sme_financing_guarantee_scheme.html.
The Committee Members
Alexander Floersheim, Charles Cheng, Charlie Birgard-Ong, Cyrill Arzner, David Benskin, Harmen Overdijk, Jessica Cutrera, Tariq Dennison