Financial Secretary Says Vouchers Lifting Economy
"); jQuery("#212 h3").html("
"); });
2021-10-01 HKT 18:11
Share this story
The Financial Secretary, Paul Chan, said on Friday that retail sales were up in August, reflecting the boost from the government's HK$36 billion cash voucher scheme.
He said the economy was also benefiting because people are also socialising more, reflecting the stable pandemic situation in the SAR.
Chan spoke to reporters after visiting retail businesses across the city.
Asked if there's a chance of more cash handouts iin the future, Chan said it all depended on how the economy was doing next year.
He said it was the first time the government had opted for a phased distribution of cash vouchers to the public, and officials wanted to wait until after the last instalment had been paid to assess the economic situation.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more