The Hong Kong General Chamber of Commerce expressed their support for the measures introduced in the Policy Address to assist small and medium enterprises (SMEs). CEO Patrick Yeung highlighted the importance of the proposal to revive the mortgage moratorium, allowing SMEs to focus on repaying interest rather than the capital borrowed for the month. This initiative aims to help SMEs tackle their current financial challenges effectively.
In addition to the mortgage moratorium, Chief Executive John Lee announced that SMEs can apply for a principal moratorium for up to 12 months if they have borrowed money under government-backed loan schemes. This option will help alleviate cash-flow pressures for SMEs, providing them with some relief during these challenging times. Furthermore, authorities will offer partial principal repayment options to further support SMEs in managing their finances.
On the government’s plans to stimulate the city’s low-altitude economy through the use of aerial technology like drones, Yeung emphasized the need to address technical challenges. While the idea is promising, there are various considerations such as infrastructure, suitable locations for deployment, and charging facilities that need to be taken into account. Overcoming these technical hurdles will be crucial in making the most of the low-altitude airspace for economic activities.
To facilitate the exploration of technologies in the airspace below 1,000 meters, the government will establish a cross-departmental task force led by the deputy financial secretary. This task force will focus on leveraging technologies effectively to maximize the economic potential of low-altitude airspace. By addressing technical challenges and strategic considerations, the government aims to create opportunities for businesses to thrive in this innovative sector.
