Gov't allocates $1.5b to support local enterprises expand globally

It will also help SMEs tap into Mainland markets and boost e-commerce.

The Hong Kong government has announced a $1.5b investment to support the development of local enterprises and help them expand globally. 

In his 2025-2026 Budget Speech, Financial Secretary Paul Chan said the funds will be injected into two key initiatives, namely the Dedicated Fund on Branding, Upgrading and Domestic Sales and the Export Marketing and Trade and Industrial Organisation Support Fund.

Application processes will be streamlined, with further details to be announced by the Commerce and Economic Development Bureau (CEDB).

As of the end of last year, over $288b in loans have been approved under the SME Financing Guarantee Scheme, benefiting nearly 65,000 small and medium enterprises (SMEs), noted Chan. A principal moratorium arrangement, reintroduced in November, allows businesses to apply for up to 12 months of payment relief.

Banks participating in the Taskforce on SME Lending have also raised their dedicated SME financing portfolios to over $390b to ease cash flow pressures for SMEs.

Chan also highlighted that several banks have joined the Taskforce on SME Lending, established by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks. These banks have committed to making flexible arrangements to ease cash flow pressures on SMEs. Their dedicated funds for SME financing have recently been increased to over $390b.

Moreover, the Hong Kong Trade Development Council (HKTDC) will launch the "E-Commerce Express" programme to help SMEs access Mainland markets and boost e-commerce sales.

The initiative includes one-to-one consultations, thematic seminars, and an enhanced mentorship scheme with the Trade and Industry Department. HKTDC will also organise the second Hong Kong Shopping Festival.