Hong Kong announces HK$4 billion in new economic support measures - GulfToday

Hong Kong announces HK$4 billion in new economic support measures

  • 04 Dec 2019
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General view of buildings at Wan Chai neighbourhood in Hong Kong, China. File photo/ Reuters

Hong Kong’s government on Wednesday pledged HK$4 billion ($511 million) in additional relief measures to help shore up an economy battered by months of protests that have eroded business confidence in the Asian financial hub.

Financial Secretary Paul Chan announced the measures at a news conference, where he also told reporters the anti-Beijing demonstrations had hurt international investor confidence in the Chinese-ruled city.

Hong-Kong_CGC_750
Anti-govt protesters protect themselves with umbrellas among tear gas during a demonstration in Hong Kong.

It marks the fourth round of such stimulus after the government previously offered around HK$21 billion in economic support, particularly to help the transport, tourism and retail industries.

Reuters

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