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Hong Kong SMEs struggling amid slow COVID-19 vaccination progress
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Small and medium sized enterprises in Hong Kong are struggling amid a slow COVID-19 vaccination programme, with business confidence at its lowest level for two years running. More than US$1.2 billion of relief measures has been dished out by the government in its latest Budget for SMEs, including extra funds for enterprises to diversify their markets. The Hong Kong Small and Medium Enterprises Association said measures like the government full-guarantee loan scheme would be a much needed shot in the arm for struggling businesses during the tough patch.
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