Hong Kong to Give HK$10,000 to Every Resident Amid COVID-19 Outbreak

By That's GBA, February 26, 2020

1 0

The Hong Kong government will give permanent residents aged 18 and above HKD10,000 (RMB9,000) cash handouts amid the coronavirus outbreak. 

A HKD120 billion relief package was unveiled by Hong Kong’s Financial Secretary Paul Chan Mo-po on Wednesday morning. In addition to generous handouts for residents, the deal will fully guarantee loans to help companies pay their workers and taxes, according to South China Morning Post.

Other key measures of the relief deal include rebates in salary and property tax for individuals, waived fees for public exams to get into universities as well as lower profit tax for companies. The appropriation bill will need to be passed by the city’s legislative council before cash handouts are given.

Hong Kong’s economy has been battered in recent months due to both the coronavirus outbreak and civil unrest. Last month, Chan warned that the city’s deficit for the current financial year could be the biggest ever – as much as 3% of gross domestic product.

There have been 85 total reported cases of COVID-19 in Hong Kong, with two dead and 18 cured. While the rate of newly confirmed cases has slowed down in China, recent outbreaks in Italy, Iran and Korea have caused a greater concern around the globe. The World Health Organization has refrained from calling COVID-19 a pandemic, noting a positive trend with a drop in cases in China, as cited by NPR.

[Cover image via Pixabay]

more news

Meet Allan Zeman, Hong Kong's Mr. Lan Kwai Fong

We know of very few people as devoted to their city as Dr. Allan Zeman.

Hong Kong Exempts Quarantine for Residents on the Chinese Mainland

Hong Kong residents on the mainland may freely travel back to Hong Kong starting next month.

What You Need to Know About the New Hong Kong Tech Index

The index is comprised of the 30 largest Hong Kong listed technology companies.

Hong Kong Rolls Out Another Free COVID-19 Testing Campaign

The HKSAR will offer free testing to all residents as social distancing measures are slowly eased.

Hong Kong Disneyland Reopens Tomorrow

After almost five months, Hong Kong Disneyland will reopen, albeit with reduced capacity and enhanced health procedures.

More Ways to Have Fun in Hong Kong This Summer

Can’t leave the city? Enjoy a staycation experience at one of these premium hotels.

Quarantine-Free Travel Between Hong Kong, Macao and Guangdong?

Lam is hopeful that a new plan will allow people from Guangdong, Hong Kong and Macao who meet certain requirements to be exempt.

How to Cross Between Shenzhen and Hong Kong Amid Border Closures

With most borders closed between Shenzhen and Hong Kong, here's how to cross.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsShenzhen for events, guides, giveaways and much more!

7 Days in Shenzhen With thatsmags.com

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's !

Visit the archives