The taskforce has handled more than 400 cases to help SMEs: Eddie Yue

The taskforce on small and midsize enterprise lending which was jointly established by the Hong Kong Monetary Authority and the Hong Kong Association of Banks last August has handled more than 400 cases in the past few months, Eddie Yue Wai-man, the Chief Executive of the HKMA, said.
Speaking at a radio show, Yue stressed that the HKMA will work with banks to assist local SMEs to upgrade and transform this year. And if some of them are still unable to operate after upgrading, they may have to accept being eliminated.

(June Chen)