HK’s SMEs advised to look to Bay Area

Making the majority: SMEs in Hong Kong account for more than 98% of the city’s total business units. — China Daily/ANN

BUSINESSES in Hong Kong – suffering because of the Sino-US trade tensions and three months of protests – should seek more opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, the Hong Kong Productivity Council said.

Mohamed Butt, the council’s executive director, said that the trade conflict and recent social unrest are hurting the city’s 340,000 small and medium-sized businesses.