CEO urges New Zealand to shift lending focus from property to support SME growth.

New Zealand's focus on property-backed loans is hindering the growth of its small and medium enterprises (SMEs), according to Meurig Chapman, CEO of Happy Prime. Chapman argues that the country's lending culture should shift to support business potential rather than just physical collateral. He recommends leveraging domestic investment vehicles like KiwiSaver for high-growth industries and reforming tax policies to aid early-stage businesses, which could boost productivity and the economy.

November 26, 2024
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