China News Service, August 22. According to Hong Kong's "Ta Kung Pao", it has been half a month since the second round of consumer coupons distributed by the Hong Kong SAR government. Hong Kong Financial Secretary Chen Maobo said on the 21st that due to the epidemic, Hong Kong's external exchanges have not yet fully recovered. , Stabilizing the economy requires our own efforts. After the second round of consumer coupons were distributed, many citizens spent more than the amount of consumer coupons. He expects consumer coupons to boost the economy by at least 1.2%.
The second-stage consumption coupons of the SAR government will be issued on August 7, with a total amount of more than 30 billion yuan (Hong Kong dollars, the same below).
Chen Maobo said in a radio program on the 21st that according to research conducted by the Chinese University of Hong Kong, after each eligible citizen was given a 5,000 yuan consumer coupon last year, each person would spend an average of 4,000 to 8,000 yuan more, which would have a greater support for the relative economy and play a better role. Large multiplier effect.
He hopes that the distribution of consumer coupons this time will also help more SMEs to stabilize the employment of wage earners.
Chen Maobo said that consumer vouchers are expected to boost the economy by 1.2%. The latest estimate of the SAR government is that the economic growth this year is negative 0.5 to positive 0.5. He said, "If it weren't for the 1.2% boost, our economy would have entered negative growth. He also said that since the first distribution of consumer coupons last year, more than 7 million individuals and 130,000 merchants in Hong Kong have used the electronic support system. He believes that the consumer coupon program will help promote the development of electronic payment.