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Guangdong to allocate 2 bln yuan to support HK and Macao enterprises in the province
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11:00, December 09, 2008

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Guangdong provincial government plans to allocate a special fund of 2 billion yuan within the next two years to help the small and medium-sized enterprises of Hong Kong and Macao that invest in Guangdong to strengthen their capabilities to resist the international financial crisis.

The fund will be used to support Hong Kong and Macao enterprises in weathering the financial storm. Related regulations are currently being formulated.

Reporters learned that of the nearly 1 million small and medium-sized enterprises in Guangdong Province, Hong Kong and Macao enterprises account for a considerable proportion. Among these Hong Kong and Macao enterprises, a large number of them deal with processing trade.

Facing the impacts of the global financial crisis, these small and medium-sized enterprises of Hong Kong and Macao are under unprecedented pressure for survival.

By People's Daily Online

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