Can’t pay the rent? Hong Kong’s stricken SMEs get respite with measure to stop landlords chasing after arrears

Feb 23, 2022 | INVESTING

Hong Kong’s struggling small and medium-sized enterprises (SMEs) have received a lifeline in the form of rental relief for up to six months and guaranteed loans of up to HK$9 million (US$1.15 million).A government source said the unprecedented rental relief measure would not undermine the rights of private property owners, although an analyst said it gave small business owners more bargaining power in the midst of the city’s raging fifth wave of Covid-19 infections.SMEs will also be entitled to…

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