Hong Kong SME Survey Shows 20% Plan Overseas Expansion Within a Year

Hong Kong SME expansion momentum is building, with about 20% of small and medium-sized enterprises planning to expand overseas within 12 months, according to the latest Standard Chartered Hong Kong SME Leading Business Index. Nearly half of respondents aim to grow in Asia, with around 60% eyeing mainland China as the top destination. SMEs highlighted sales channels, platform operations and overseas regulations as key areas needing support. Authorities said a dedicated funding pool backed by 18 banks has expanded to HKD420bn (USD53.8bn) from HKD370bn to help businesses upgrade and transform. The HKMA also urged banks to develop ASEAN expertise as the bloc remains Hong Kong’s second-largest trading partner.