Chamber in Review
HKGCC’s Budget Proposals to Revive Economy
HKGCC’s Budget Proposals to Revive Economy<br/>總商會《財政預算案》建議為提振經濟籌謀

The Chamber submitted its proposals to the HKSAR Government on 19 January for the Financial Secretary’s Budget to tackle pressing issues, stimulate the economy and maintain Hong Kong’s edge as Asia’s leading financial hub.

Chamber Deputy Chairman Agnes Chan and CEO George Leung outlined the recommendations at a press conference on 2 February. Although Covid restrictions have been axed and travel normalized, it will take some time for the economy to feel the benefits and recover to pre-pandemic levels. Therefore, the Chamber proposed several short-term relief measures, including continuing to provide rent/rate rebates, although measures should be more targeted to assist owner-occupiers, introducing subsidies to defray higher energy costs, and extending the Principal Payment Holiday Scheme and the SME Financing Guarantee Scheme. To raise public confidence and stimulate the economy, we proposed issuing another round of electronic consumption vouchers of not less than HK$5,000 for each eligible recipient.



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