Wednesday 14 April 2021
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scmp - 2 month ago

Residents to receive HK$5,000 in digital vouchers but doubts remain whether scheme will deliver much-needed boost to Hong Kong’s economy

Hong Kong will for the first time give residents HK$5,000 (US$645) in digital vouchers to encourage local spending to stimulate the economy and boost the battered retail sector following a government U-turn on whether it could afford handouts this year.Financial Secretary Paul Chan Mo-po revealed in his annual budget address on Wednesday that HK$5,000 in coupons would be given to every adult permanent resident and new immigrant.According to a government source, the initial plan is to disburse…


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