Jewelry makers say some face capital shortages

Business | 27 May 2020 5:22 pm

At least 30 percent of  jewelry manufacturers will closed down due to the capital chain rupture, said Benny Do, chairman of Hong Kong Jewelry Manufacturer’s Association. 

The group urged the government to provide 100 percent small and medium enterprises financing guarantee scheme for the jewelry producers, releasing 30-50 percent of credit line for their receivables and value of inventory.

Jewelry exhibitions manager, Informa Markets has postponed the June’s even to November without consultation and choice of refund, which also brings pressure on the capital chain as over 100 companies consign HKJMA to pursue Informa for over HK$10 million exhibition fee.

 

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