Funding a barrier to SME digitalisation in Hong Kong – DBS

With growing awareness of the importance of digitalisation, SMEs in Hong Kong plan to ramp up their investments towards it – but rising interest rates are making access to funding more difficult, research by DBS has found.

By Sara Velezmoro

Jul 3, 2023

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The Hong Kong branch of Singapore-listed DBS bank has published a new survey revealing that over half (57%) of small and medium enterprises (SMEs) in Hong Kong lack the funds to execute further digitalisation. This comes in spite of 93% of respondents acknowledging its importance for business growth.

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Funding & Investment Digitalisation Treasury Themes