News Snapshot:
If there is one thing Hong Kong’s 340,000 small and medium-sized enterprises (SMEs) are known for, it is their resilience in the face of the most dire circumstances. In the 25 years since the city returned to Chinese rule in 1997, they weathered two crippling financial crises and the devastating severe acute respiratory syndrome (Sars) epidemic of 2003 , each of which battered the economy, sending stock and property prices tumbling. The SMEs persevered each time and thrived anew. Making up more than 98 per cent of Hong Kong’s business establishments, they form the backbone of the city’s economy and...
