Hong Kong Government Relief Package to Enterprises and Individuals

Chamber's News - March 6, 2020

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.

Thank you very much.