Hong Kong SMEs growing pessimism about the future business index hit a three

HSBC global in June this year to cut 25,000 jobs, to reduce costs, cuts the equivalent purpose 7% associates. (Photo: CFP)

The Hong Kong Productivity Council (productivity), released on November 2 in 2015 the fourth quarter, "Standard Chartered Hong Kong SMEs leading business index" survey, general business index 5.2 in the previous quarter to 44.4, for a three-year low, small and medium enterprise Outlook more pessimistic.

"Standard Chartered SME index" composite business index consists of five items, all index was down, with investment intentions (48.9) since the index was below 50 for the first time since the launch; the global economy fell 13.2 to 27.1; operations and profitability were 43.3 and 41.3; only hiring intentions still hold 50 dividing line.

Industry, three major industrial classification index and all corresponding index is below 50.

Volatility and slower economic growth in the Mainland attacks, manufacturing and import/export trade and wholesale trade index was 42.9 44.5, decreased by 2.4 and 5.0, their hiring intentions and investment intentions also fell 50 dividing line, reflect the long-term development of the industry of the industry from cautiously optimistic to see light in the previous quarter. Although the traditional peak season for the retail industry in the fourth quarter, but failed to reverse the retail index last quarter to decline a further decrease of 2.8 to 40.3, and since a three-year low, reflecting market conditions not optimistic.

Standard Chartered Hong Kong Senior Economist Liu Jianheng said, in the third quarter of 2015, currency devaluations, stock market adjustment and further slowing of China's economy will bring to Hong Kong very volatile and unstable market conditions. In fact, the United States suspended starts raising interest rates, while the people's Bank of China, the Central Bank and Japan's Central Bank recently continued loose monetary policy, reflecting macroeconomic and market continues to face substantial challenges, needs a lot of support.

Liu Jianheng believes, is now close to the cycle bottom in 2016 will begin to stabilize. However, in order to improve the overall feel of SMEs and enhance business confidence, also want to see improved macro data to confirm that the next few months. "To restore market confidence will take time, and real economic activity is expected to pick up. "He said.

The survey of SMEs to the economy of Hong Kong will also see the potential and related measures. Recent 61% respondents considered that Hong Kong was experiencing an economic winter, 24% respondents considered the current economic situation is worse than during the 2008 financial crisis. Tianjin environmental protection organizations

Vice President of productivity (Enterprise), young and old, Cong said global economic vagaries, Hong Kong a strong slowdown in the Mainland economy and other factors, SMEs are facing severe business challenges. Top priority for SMEs is solidifying, with innovative thinking, to review and optimize business processes and business model in order to enhance efficiency and to identify new business opportunities. Such as the use of "online" (O2O), shop and store two-lane development; or the use of new technologies such as 3D printing for traditional industries into new ideas, exploring new markets.