In the context of global economic competition and industrial transformation, small and medium-sized enterprises (SMEs) have become a vital force driving national economic growth, innovation, and employment. However, compared with large enterprises, SMEs are inherently disadvantaged in talent attraction, retention, and development due to limitations in scale, capital, and brand influence, a core bottleneck restricting their high-quality development. Talent agglomeration, as a manifestation of regional and enterprise talent advantages, is closely related to external policy support and business environment. Based on the perspective of business administration and human resource management, this paper takes the talent agglomeration of SMEs as the research core and constructs a theoretical framework of “policy support – business environment optimization – talent agglomeration effect”. It combines typical cases of SME talent development in China and uses authoritative literature and empirical data to explore the mechanism of policy support and business environment affecting the talent agglomeration of SMEs, as well as the synergistic effect between the two. The study finds that targeted policy support can effectively compensate for the resource shortcomings of SMEs, optimize the business environment can enhance the comprehensive attractiveness of SMEs to talents, and the two form a synergistic driving force to jointly promote the formation and sustainable development of talent agglomeration in SMEs. Finally, this paper puts forward targeted suggestions to improve the policy system, optimize the business environment, and enhance the talent agglomeration effect of SMEs, providing theoretical reference and practical guidance for solving the talent dilemma of SMEs and promoting their sustainable development.
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Share and Cite
Li, D. (2026) Research on Policy Support, Business Environment and Talent Agglomeration Effect in SMEs. Hong Kong Financial Bulletin, 2(2),8-17. https://doi.org/10.71052/hkfb2025/FBPM8815