Friday 16 April 2021
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scmp - 2 month ago

Hong Kong budget: finance chief announces unprecedented government-backed loan scheme for the unemployed

An estimated 180,000 Hongkongers who were unemployed for at least two months since the start of last year will be eligible to apply for low-interest bank loans as early as April under an unprecedented measure rolled out in the government’s annual budget plan.With the city’s unemployment rate at a near-record high of 7 per cent, the government is also set to spend another HK$6.6 billion (US$851 million) to create around 30,000 fixed-contract jobs, but the city’s unions have declined to endorse…


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