Mask Production Plan To Launch

(To watch the whole press conference with sign language interpretation, click here.)

 

The Local Mask Production Subsidy Scheme will be open for applications next week, Secretary for Commerce & Economic Development Edward Yau said today.

 

Responding to media enquiries on the 2020-21 Budget initiatives concerning the bureau, Mr Yau noted the growing global COVID-19 epidemic makes it more difficult for Hong Kong to acquire sufficient surgical masks and protective equipment.

 

He said, in addition to direct procurement and using technology to develop recyclable masks, the Government is also launching the scheme to set up mask production lines in Hong Kong.

 

“I would say this is a short to medium term solution, so that we won’t be 100% relying on sources outside of Hong Kong.

 

“Now for this scheme to be launched, it will depend on whether we are able to bring back some production lines. There are certain factors of production that are essential; availability of machines, materials, clean rooms and also certifications.

 

“That’s the reason why we have to ask the Hong Kong Productivity Council, as our technical partner, to screen proposals which can provide all of these factors of production with a view to setting up production lines. That will be done in an open and fair manner.”

 

The council will announce the scheme’s details and start inviting applications next week, Mr Yau added.

 

"Basically we are looking at the possibility of bringing back the production lines, irrespective of what their background would be, so it will be done in that fashion.”

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more