hktdc.com - Jammy Chen's Blog

Making good use of the extension of SME Financing Guarantee Scheme

09 Apr 2013 11:21

Views: 695 / Comments: 0

In response to the positive feedback resulting from the launch of the Special Concessionary Measures for the SME Financing Guarantee Scheme (SFGS) in May 2012, the Financial Secretary announced in the 2013-14 Budget the extension of the application period for one more year. SMEs can continue to submit applications for loan products supported by the 80% ...

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More attention to economic statistic to keep abreast of the business pulse

26 Sep 2012 14:13

Views: 5189 / Comments: 0

When developing business, SMEs need to analyze large amounts of information in order to make proper market deployment. In this information era where messages are excessive and confused, how should SMEs collect and make use of information to enhance its competitiveness? There are indeed many public and private organizations that publish economic ...

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Making good use of the enhanced financing guarantee scheme

19 Jun 2012 18:03

Views: 1192 / Comments: 1

SME are faced with challenging environment in recent years. A few special measures are in place or have been launched by the government and quasi-government organizations to help SMEs cope with the challenges. The SME Financing Guarantee Scheme (SFGS) was launched in Jan 2011 by the Hong Kong Mortgage Corporation Limited (HKMC) and it aims to help SMEs and ...

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What protection can SMEs get from insurance?

30 Aug 2011 09:54

Views: 3559 / Comments: 1

Many SME owners nowadays have good knowledge in managing risks. For instance, they may have hedging strategy to mitigate exchange and interest rate risks, or may arrange adequate banking facilities to cater for working capital requirements. However, how about other uncertainties that may have significant impact on the business? Imagine the impact ...

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Making Use of Simple Bank Finance

28 Jun 2011 16:16

Views: 4619 / Comments: 4

The peak trading season for SME is coming after the first quarter. The potential surge in trade volume presents huge opportunities for SMEs to capture and secure new market share. For SMEs trying to capitalize on market opportunities and looking for short term working capital finance, packaged bank finance like small-to-medium sized instalment loans ...

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Developing Personal and Corporate Relationship with a Bank

15 Jun 2011 11:00

Views: 2241 / Comments: 1

Many people pick different banks for different services, with the hope that they can get the best deal in monetary terms. Yet, they miss the intangible benefits. For instance, an SME owner can keep personal account and business account in the same bank to develop closer relationship and foster better understanding by the bank. Bank can thus provide ...

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Hedging Tools for SMEs

14 Mar 2011 10:18

Views: 2587 / Comments: 0

Many SMEs perceive hedging as some kind of complicated investment strategy for sophisticated investors. The truth is something as simple as taking out an insurance policy is already a hedge against financial loss due to accidents or unexpected incidents. In fact, hedging is a tool that helps to minimize the risk of unexpected fluctuations of the ...

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Practical Tips on RMB

14 Jan 2011 11:27

Views: 2860 / Comments: 0

Since the commencement of the Renminbi Cross-Border Trade Settlement Pilot Scheme in July 2009, the renminbi (RMB) business has undergone significant development. The Chinese Authorities recently increased the list of Mainland Designated Enterprises (MDEs) from the previous 400 Chinese exporters to over 60,000 today. As the scope of Scheme has ...

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Grow your business with proper risk management

19 Nov 2010 14:31

Views: 2556 / Comments: 0

To many small and medium enterprises (SMEs), managing a business would mean acquiring more orders, controlling costs and increasing profit margin. Often times, they would have neglected a very important factor – risk management. In fact, as your business grows, the need for proper risk management is even more significant. Whether it’s ...

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Leveraging Simple Bank Finance

11 Oct 2010 09:40

Views: 2742 / Comments: 8

Growing a business depends on factors like market opportunities, management expertise and financial resources. Often, SMEs are constrained by tight working capital to finance business expansion and/or operational expenses. To help these SMEs, some banks offer simple term loan solutions with features including flexible repayment period, no ...

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	Title:	Acting General Manager of SME Banking, Standard Chartered Bank (Hong Kong) Limited
	Country/Region:	Hong Kong
	Industry:	Banking Services
	Expert In:	Banking & financing issues for SMEs in Hong Kong
	Company Name:	Standard Chartered Bank (Hong Kong) Limited
	Company Website:	http://www.standardchartered.com.hk/

Background: Jammy Chen is the Acting General Manager of SME Banking, Standard Chartered Bank (Hong Kong) Limited and is responsible for building the Bank’s franchise with the Small and Medium Enterprises (“SMEs”) in Hong Kong. In addition to this role, he runs the Bank’s Secured Lending business in North East Asia. Prior to his current role, he was the General Manager, Consumer Lending. He also held various senior management positions in Credit function in Hong Kong and China. Jammy received his Bachelor Degree in Mathematics from the University of Waterloo, Canada.