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The following is issued on behalf of the Small and Medium Enterprises Committee:
The Chairman for the Small and Medium Enterprises Committee, Mr Yu Kwok-chun, welcomed the introduction of a Special Loan Guarantee Scheme for SMEs, as announced by the Financial Secretary, Mr John C Tsang, and the Secretary for Commerce and Economic Development, Mrs Rita Lau, today (November 10). He indicated that the proposed scheme had actively responded to the views and concerns expressed by SMEs, and was expected to provide further support to help them resolve their cash flow problem. He hoped the Legislative Council could approve the proposals as soon as possible.
Mr Yu also hoped that after the new scheme had been implemented, the banks would respond positively, so more SMEs could benefit from the scheme to get through this difficult time.
Ends/Monday, November 10, 2008
Issued at HKT 18:16
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