HongKong

Hong Kong economy: government announces fourth wave of relief measures worth HK$3.3 billion, including tax instalment plan and subsidies for small firms




Companies and individuals in Hong Kong can now pay their taxes in instalments while small firms will get subsidies for their utility bills as the government unveils its latest relief measures worth about HK$3.3 billion (US$425 million) to help them cope with the onset of recession.

Financial Secretary Paul Chan Mo-po announced the measures on Wednesday with the aim to ease the cash flow of small and medium-sized enterprises (SMEs) and to boost investors’ confidence, as the economy reels from…



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