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Business and Market Discussion / View from China

2020-02-17

Business and Market Discussion / View from China

2020-02-17
 The Hong Kong government has announced a HK$25 billion package of subsidies for residents & businesses hit by the coronavirus outbreak. Around 200,000 low-income families will get a one-off grant of about HK$5,000 per household & student subsidies will rise. Restaurants, travel agencies, hawkers and private firms that make face masks will all be able to claim subsidies.
Financial Secretary Paul Chan warned yesterday that Hong Kong is likely to see its biggest ever budget deficit in the next fiscal year and could remain in the red for a number of years. However, writing on his official blog Mr. Chan said the government could still afford coronavirus relief measures because it held fiscal reserves of more than HK$1.1 trillion.

On today’s Money Talk we’re joined by Alex Wong from Ample Capital and Alicia Garcia Herrero of NATIXIS. With the view from mainland China is Michael Norris at Agency China.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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