Due to the impact of the COVID-19 pneumonia epidemic, the global economy is sluggish. In order to stimulate the economic recovery of Hong Kong, China, the Hong Kong Special Administrative Region Government will distribute 10,000 yuan (Hong Kong dollars, the same below) to eligible citizens. The plan will begin on July 6, and the next two months will be the “golden consumption period.”

The cash distribution plan has been operating smoothly since it began accepting registrations on June 21st. So far, it has received a total of about 5.76 million registrations, of which more than 80% are registered electronically by banks, and about 60% of them are through online banking. Register. The 4.3 million citizens who have registered electronically in June can receive the payment in batches within two or three days from the 6th. And from July onwards, citizens who do electronic registration through banks will also receive payment about one week after registration. As for citizens who have registered in writing, they will receive payments later this month and next month.
“Only this week, more than 40 billion of funds will be released to the public’s account, and the registered public will also receive the money one after another.” Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, said that the current monthly total retail sales in Hong Kong The value is about 27 billion yuan, and the average monthly income of the catering industry is about 7 billion yuan. Therefore, tens of billions of extra funds can play a role even if only part of it flows into the market. For restaurants, retailers and businesses, the next two months can be said to be the “golden period of consumption”, which plays an important supporting role in stimulating Hong Kong’s economy and stabilizing employment.
He also pointed out that Hong Kong’s National Security Law has come into effect and society is gradually returning to security and stability. With a total of 290 billion yuan of bail-out measures in the two rounds of anti-epidemic and anti-epidemic funds and the Budget, they have been implemented in the target industries and the public, with social security and stability, and the continuous improvement of the external environment. It is expected to be seen later this year. To the dawn of economic recovery.