Relief 'should Go To The Hardest-hit Sectors'
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1475034_1_20190816132858.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1475034-20190816.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1475034-20190816.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-08-16 HKT 13:12
Share this story
Danny Lau speaks to RTHK's Janice Wong
The honorary chairman of the Hong Kong Small and Medium Enterprises Association on Friday called on the government to set up a new fund to the tune of HK$6 billion to help industries hardest hit by recent anti-extradition protests.
Danny Lau said about 30,000 firms in the retail, tourism and food and beverage sectors could each receive about HK$200,000 to help them weather the storm.
"The most affected industries... they need more assistance from the government. I will suggest [forming] a new fund specially to help those industries," he said.
Lau said the HK$19 billion relief package unveiled by the government on Thursday to help SMEs, fails to help businesses that need it the most.
He did voice support for the government's revised GDP growth estimate of 0 to 1 percent for 2019.
Lau believes the Hong Kong economy could see negative growth in the third quarter, after growth of less than 1 percent in the first two quarters.
And he said fourth-quarter growth would very much depend on how the anti-extradition protests play out.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more