2019-12-09
Li Ka Shing Foundation announced the HK$1 Billion Crunch Time Instant Relief Fund programme in late October in support of local Small and Medium Enterprises (SMEs) which are under severe duress from unprecedented challenges on the home front and a slowdown in the global economy.
The programme has received a total of over 43,000 applications. Total donation amounted to HK$1.009 billion and more than 28,000 SMEs in the food & beverages, retail and travel sectors, as well as licensed hawkers have benefited from the programme.
From concept development to programme implementation and grant distribution, the entire process is completed within two months and the programme has met with resounding enthusiasm. The Foundation also expresses its heartfelt appreciation to its partners: HSBC, PricewaterhouseCoopers, Woo Kwan Lee & Lo, Google Cloud, ESDLife, Welab, and Hongkong Post.
Mr Li is profoundly touched and encouraged by the outpour of over 18,000 well wishes he received from different sectors. He understands more than anyone the hardships entrepreneurs have to bear, but with fortitude and self-belief, everyone can overcome hard times and reshape their future even if we hit the ground. Stay positive. Never give up.
