Hong Kong Government Relief Measures in light of the COVID-19 Outbreak
As Hong Kong heads into the third month of the COVID-19 outbreak, the economic impact of the outbreak is increasingly impacting Hong Kong businesses. The Hong Kong government has been facing calls for financial relief to ease the financial burden of a wide spectrum of industries ranging from retail to education. On 8 April 2020, in light of the continuing severity of the COVID-19 outbreak, a second round of relief measures was announced. The HK$80 billion Employment Support Scheme is one of the key components of the second round of relief measures, which aim to keep individuals in their jobs and avoid redundancies. Read More…