日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
China
Home / China / HK Macao

Fresh relief measures on the way to rekindle growth

By Oswald Chan in Hong Kong | chinadaily.com.cn | Updated: 2019-10-22 11:27
Share
Share - WeChat
[Photo/IC]

Hong Kong may unveil the third round of its economic stimulus program this week to boost the flagging economy dented by prolonged social unrest, according to Financial Secretary Paul Chan Mo-po.

"We hope the proposed measures can alleviate the pressure on local small and medium-sized enterprises," Chan said in his Sunday blog.

The SAR government is liaising with the transportation, logistics, tourism, retail and catering sectors to collect their views on what sort of relief measures would be appropriate as they have been the hardest hit by the months-long protests.

Business leaders had told him during his overseas trip last week that the turmoil has prompted them to put off their investment plans in Hong Kong although the city's strategic positions and unique advantages still offer much investment opportunities, Chan said.

In delivering her third Policy Address last week, Chief Executive Carrie Lam Cheng Yuet-ngor said: "We think Hong Kong's economy has been in a technical recession since the third quarter. In mid-August, the government lowered the SAR's economic growth forecast for this year from 1 percent to zero."

"We're wary of a technical recession in the third quarter. On a positive note, local fiscal stimulus measures and global monetary easing may help prevent a full-year recession," said OCBC Wing Hang Bank economist Carie Li Ruofan.

Hong Kong's economic growth has been sluggish, with its first and second-quarter GDPs having grown 0.6 percent and 0.5 percent, respectively, from a year ago, led by contractions in exports and fixed-asset investments.

US investment bank Morgan Stanley estimated that the Hong Kong economy may dwindle by 0.8 percent for the full year, given its weaker-than-expected economic performance in the last two months. The local economy may rebound 0.8 percent next year as a result of the government's economic stimulus program.

The government had unveiled a HK$20.5 billion ($2.6 billion) stimulus package in August and September to shore up the beleaguered economy. SMEs would benefit from a raft of measures, such as fee and charge waivers and rental relief for short-term government land tenancies.

The Hong Kong Monetary Authority had also taken steps to bolster the economy by injecting an additional HK$200 billion ($25.6 billion) to HK$300 billion in credit, and reducing the counter-cyclical capital buffer from 2.5 percent to 2 percent for local banks in mid-October.

Lowering the counter-cyclical capital buffer, which is built up in good times when the economy is growing and can be cut when it's not, allows Hong Kong-based banks to be more supportive of the domestic economy and help mitigate the economic cycle.

The HKMA also held a meeting of the Banking Sector SME Lending Coordination Mechanism to support SMEs amid the economic hardship. The meeting was attended by representatives of the Hong Kong Association of Banks, nine major lenders and the Hong Kong Mortgage Corp. Bank representatives pledged to provide funding support to SMEs as far as their credit policies and risk management principles allow.

"We hope the local banking industry can support the capital turnover needs of SMEs based on their credit lending policies and the principle of risk management," Chan said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 日日操美女 | 狠狠操天天操夜夜操 | 国产婷婷 | 久久久大片 | 780pp亚洲情艺中心 | 免费黄色日韩电影 | 一级欧美日韩 | 边摸边吃奶边做激情叫床 | 欧美日韩亚洲综合另类ac | 免费精品美女久久久久久久久久 | 好看的91视频 | 欧美精品国产第一区二区 | 99热久久这里只有精品首页 | 亚洲精品亚洲人成人网 | 94在线成人免费视频 | 91丨九色丨国产 | 久久精品视频7 | 久久精品国产99国产 | 在线看色片| 中文字幕一区二区三区四区五区 | 麻豆精品国产自产在线 | 国产成人+综合亚洲+天堂 | 99久久产在线 | 国产一级一级一级成人毛片 | 狠狠色丁香婷婷久久综合考虑 | 久久综合一区 | 天天爽夜夜爽夜夜爽精品视频 | 国产成人免费永久播放视频平台 | 久久精品一 | 啪啪网页 | 免费一级做a爰片性色毛片 狠狠色欧美亚洲狠狠色www | 免费黄色在线观看 | 国产福利小视频在线 | 国产精品视频网站 | 九九九久久国产免费 | 国产精品久久久久亚洲 | 日韩加勒比 | 精品福利av导航 | 中文字幕av在线播放 | 欧美videosex性欧美成人 | 亚洲高清不卡 |