Sme Definition Hong Kong

Statistics as at june 2020 there were over 340 000 smes in hong kong.

Sme definition hong kong. Manufacturing enterprises with fewer than 100 employees and non manufacturing enterprises with fewer than 50 employees are regarded as small and medium enterprises smes in hong kong. Non manufacturing companies have less than 50 people employed. Manufacturing enterprises with fewer than 100 employees and non manufacturing enterprises with fewer than 50 employees are regarded as small and medium enterprises smes in hong kong. They constitute more than 98 of our business establishments and employ about 45 of our workforce in the private sector.

These smes are said to account for more than 98 of the total business units in hong kong and can be categorized as small and medium size enterprises smes. Estimated number of smes in hong kong 321 000 98 8 of manufacturing business units and 98 4 of services business units in hong kong are smes. Their vitality and business performance are of crucial importance to the development of our economy. This is applicable to manufacturing companies.

Support to small and medium enterprises there are over 340 000 small and medium enterprises smes in hong kong. 1 under the definition of the government of hong kong special administrative region an sme is a manufacturing business which employs fewer than 100 persons in hong kong.