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Hong Kong Government Announces Measures to Support Enterprises and Residents

19 August 2019

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Proposed Changes

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Hong Kong

The Hong Kong Inland Government has issued a release announcing a package of measures to support enterprises and residents facing significant pressure due to external issues such as the escalation of China-U.S. trade tensions, imminent risk of a hard Brexit, and recession concerns, as well as domestic issues with the recent social unrest. As provided in the release, the package of measures includes the following: --- (A) Support enterprises and safeguard jobs SMEs account for over 98 per cent of local enterprises and around 45 per cent of total employment, and are the cornerstone of our economy.  To assist our SMEs...