hktdc.com - Kelvin Au's Blog

What protection can SMEs get from insurance?

30 Aug 2011 09:54

Views: 2365 / 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: 3633 / Comments: 3

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: 1564 / Comments: 0

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: 1863 / 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: 2251 / 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: 2022 / 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: 1981 / Comments: 3

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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Trade & Cash Management for SMEs

10 Sep 2010 20:05

Views: 1375 / Comments: 0

There is keen demand from SMEs for trade settlement services. As the peak of trade season approaches, SMEs are receiving more orders and there will be increasing needs for trade settlement. With the help from a commercial bank which can offer one-stop service and address the financial needs and manage risk, SMEs can then focus more on their business ...

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Cross-border Trade & its Trend

27 Aug 2010 17:53

Views: 1534 / Comments: 0

According to government figures, there are more than 280,000 small and medium enterprises in Hong Kong. They are engaged in various sectors and the biggest share amongst them is import and export trade and wholesale companies, accounting for close to 40% of SMEs in Hong Kong. If we look specifically at the trade figures between Hong Kong and the Mainland ...

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RMB Cross-border Trade Settlement and Financing (II)

03 Aug 2010 14:16

Views: 1843 / Comments: 0

With the increase of RMB cross-border trade settlement transactions, the circulation of Chinese yuan in Hong Kong has also increased. Around 11,000 corporate accounts had been opened, and RMB deposit has continued to grow during March and April of this year. As long as the RMB in Hong Kong does not return to Mainland, Hong Kong banks will have greater ...

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	Title:	General Manager, Hong Kong & South China Region, 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 and China market
	Company Name:	Standard Chartered Bank (Hong Kong) Limited
	Company Website:	http://www.standardchartered.com.hk/

Background: A seasoned banking veteran, Kelvin currently heads the SME Banking in Hong Kong and South China region at Standard Chartered with more than 500 staff. Kelvin had spent 19 years in the industry and held a number of key positions in sales management, corporate & commercial banking and insurance. His extensive knowledge of the SME businesses both in Hong Kong and the Mainland will certainly help customers tap cross-border business opportunities.