Trade war damages SME confidence HSBC pushes preferential loans

Sino-US trade friction affects business investment and lending intentions. HSBC Hong Kong said that it has not seen the ability of SME customers to repay their loans, but the psychological impact cannot be ruled out. Some customers are looking for investment and borrowing. attitude.

Zhao Minzhong, head of HSBC’s industrial and commercial finance department, said yesterday that the SME loans in the first half of the year saw a high single-digit growth. After communicating with customers, although there were no serious problems in the second half of the year, the current market conditions are not as good as the financial crisis. HSBC also hopes to Supporting SMEs under the market, so under the two government-backed loan guarantee schemes, the project will have a rebate of 50,000 yuan for each project, and strive to grab loans from SME customers.

The two projects are the SME Finance Guarantee Scheme (SFGS) under the Certification and the SGS Credit Guarantee Scheme (SGS) under the Trade and Industry Branch. Zhao Minzhong explained that the SFGS is certified to assist SMEs in financing. 12 million yuan, but involving loan insurance premiums, 50,000 yuan rebate is a premium concession.

As for the SGS of the Trade and Industry Branch, it can support SMEs to obtain loans for the purchase of operating equipment and equipment, or working capital for general business purposes. It does not involve premiums. Therefore, it will be returned to the company by cash rebate, with a ceiling of 50,000 yuan.

Companies can get up to 100,000 discounts

Zhao Minzhong said that since SMEs can apply for two loan guarantees at the same time, enterprises can get a maximum of 100,000 yuan. The project has always had a good demand. In the first half of the year, the guarantees contracted by the bank were approved. In the first half of this year, the amount approved was also increased by 21% compared with the first quarter. This shows that there is market demand for the guarantee scheme.

In addition to the trade war, the depreciation of the renminbi also affects the business atmosphere. Zhao Minzhong said that even if the renminbi has changed from one-way appreciation to two-way volatility in recent years, it has not seen the slowdown in the establishment of Hong Kong funds overseas. On the contrary, the market now has a higher awareness of hedges. Currency exchange rate fluctuations, repayment ability has not been seen and thus damaged.