HSBC to cut fees, offer rebates to boost struggling small Hong Kong firms

Author: 

Reuters

ID: 

1567024928760221200

Wed, 2019-08-28 05:15

* HSBC is only large bank in Hong Kong to unveil such measures recently
* Hong Kong is on verge of a recession
* HSBC has launched support steps in previous times of HK distress (Adds details of previous SME support measures)
HONG KONG: HSBC said on Wednesday it will offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city’s economy struggles.

Main category: 

Business & Economy

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