China News Agency, Hong Kong, May 17: A few days ago, the Budget, which involved more than 120 billion yuan (HK $, the same below) as a relief measure for the people, was passed by the Legislative Council on third reading. The Financial Secretary of the Hong Kong Special Administrative Region Chen Maobo pointed out in his blog on the 17th that the SAR government will fully implement the various measures proposed in the budget. Among them, the 10,000 yuan cash distribution plan will be received by the public as soon as mid-July.
Source: Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government. China News Service reporter Li Zhihua
On the same day, Chen Maobo published a blog titled "The Biggest Obstacle on the Road to Recovery", mentioning that the Budget, which involved more than 120 billion yuan in relief measures, was approved by the Legislative Council on the 14th. He specifically mentioned the 10,000 yuan cash distribution plan. Relevant departments will formally sign contracts with more than 20 participating banks. The payment will be made through them and Hongkong Post. It is believed that the public can begin to accept registration at the end of June, the fastest in mid-July Will receive payment.
As for the 100% guaranteed preferential loans for SMEs proposed in the Budget, applications have been accepted last month. Chen Maobo revealed that as of last week, in just over three weeks, the Hong Kong Mortgage Corporation had received more than 2,500 applications involving loans of more than 4.4 billion yuan.
Chen Maobo said at the end that the epidemic situation will inevitably change repeatedly. When taking anti-epidemic measures, it is necessary to strike a proper balance and relaxation between effective anti-epidemic and stable economy, to protect the health of the public, and to give businesses struggling to survive a chance to survive, which is also the protection of Hong Kong ’s economic vitality Key elements. (Finish)