Chamber's News - March 6, 2020
Hong Kong Government Relief Package to Enterprises and Individuals

The Financial Secretary Paul Chan Mo-po delivered on Wednesday, February 26th in front of the Legislative Council a HK$120 billion relief deal in an effort to shore up economic confidence in a city battered by political unrest and the coronavirus.

The Government, in particular, set aside a total of HK$18.3 billion to implement a new raft of measures aimed at safeguarding jobs and supporting enterprises.
Furthermore, an expenditure of about HK$71 billion will benefit about 7 million people, in order to stimulate the economy by boosting local consumption and relieve the financial burden on the community.
Here you can find a range of counter-cyclical measures that  help Hong Kong tackle the current economic difficulties and to support the community during challenging times by making optimal use of the fiscal reserves.
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As part of the HK$30 billion Hong Kong Governement relief package Anti-epidemic Fund to relieve the burden on the industries and employees, The Food Licence Holders Subsidy Scheme is now open to applications from eligible food licence holders for a grant of one-off subsidy.

Check the application period (from 5 March 2020 to 4 May 2020) and procedures at this link.
Here you can find a list of the four measures to be pursued under the Fund to provide support and relief to sectors of interest for the Italian business community in Hong Kong.

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