Hong Kong General Chamber of Commerce CEO George Leung Financial Secretary Paul Chan Previous NextHong Kong General Chamber of Commerce chief executive George Leung Siu-kay called upon the government to launch another tranche of Employment Support Scheme, saying more companies need help than those ordered to close during the fourth wave. He welcomed the government of launching the fourth round of anti-epidemic fund, but he also hoped the government can offer one more batch of wage subsidy as many SMEs are not scheduled premises but their businesses have also dropped significantly as there were fewer people on streets. He believed another round of wage subsidy would cost about HK$20 billion to HK$30 billion, but the government can offer the subsidy conditionally depending on the turnover of the enterprises, in order to reduce waste of government resources. Financial Secretary Paul Chan Mo-po said the government will continue fiscal policy to boost economy as the public consultation on 2021-22 Budget started today. The overall economy, different industries and the general public have been under immense pressure,” Chan said.

Source: The Standard December 20, 2020 08:15 UTC