According to a recent survey, small businesses in Hong Kong are more confident about their growth prospects compared to their counterparts on the mainland and in Singapore.

Quick Summary:

Hong Kong’s SMEs are more optimistic than their peers in mainland China, Singapore and Australia when it comes to growing their businesses this year, thanks to government support and an increase in online sales, a survey shows.

Some 79 per cent of respondents expect revenue from sales abroad to grow, much higher than the survey average of 50 per cent.

Confidence rebounded to 66 per cent last year, having been squashed to as little as 21 per cent during the Covid-19 pandemic and the social unrest that preceded it in 2019.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongAustraliaChinaIndiaIndonesiaMalaysiaNew ZealandPhilippinesSingaporeTaiwanVietnam

Topics: Businesses Last Smes Cent Year Hong 2024 Kong Australia Small Survey

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-23 @ 14:30:17 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 20766506

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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