The second phase of consumption vouchers will be issued on 7 July, and this year's coupons have been significantly halved to a total of $16,5000. Financial Secretary Paul Chan Mao Po did not respond positively at a press conference today (29th) on when to send again, only saying that in the future, it will depend on the economic and people's livelihood conditions before making a decision, which is difficult to become a permanent plan.


As for the economic boost effect of this issuance of consumption vouchers, Chan Maobo pointed out that with the full clearance of customs and a series of "Happy Hong Kong" and "Hello Hong Kong" activities, the market atmosphere is relaxed, "as long as everyone is happy and happy, the money will be spent."


▼May 5 The government announced the second round of consumption voucher arrangements▼


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Consumption coupons were previously distributed because the epidemic made the economy poor

The Financial Secretary, Paul Chan, announced the details of the second phase of the Consumption Voucher Scheme this afternoon (29 July). At least two reporters at the press conference asked whether the consumption coupons were distributed for the last time, but Chen Maobo did not respond positively, only pointing out that the amount involved in each distribution of consumption coupons was quite large, and the previous distribution of consumption coupons was due to the impact of the epidemic, which caused the economy to be poor.

He added that the epidemic has been brought under control this year, under the full customs clearance, Hong Kong has seen an increase in tourists, better market conditions, and restaurant business has improved, but the retail situation is still average, the peripheral economy is still "hemp Tei", and the export figures are still declining.

He pointed out that the total amount of consumption coupons distributed each time is large, and the future depends on the economic, social and people's livelihood conditions at that time. He reiterated the need to take into account the burden of the treasury and look forward to the future economy getting better and better.

▼April 4 The store "grabbed customers" on the first day of the new consumption coupon distribution▼


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The economic boost of the coupons was 6%

As for the economic boost effect of this issuance of consumption coupons, Chen Maobo pointed out that the two phases of consumption coupons involve more than 300 billion yuan, and according to economists' estimates, the boosting effect is 6%. He also pointed out that the overall consumption sentiment so far this year is good, in addition to exports that have not been as expected, the growth of fixed investment and consumption is also good, with double-digit growth in consumption.

He believes that with the full clearance of customs, coupled with a series of activities such as "Happy Hong Kong" and "Hello Hong Kong", he believes that the market atmosphere is relaxed, "In fact, consumption is about mood, coupled with the unemployment rate has fallen all the way, and the overall income of the public is protected, so consumption is still good." As long as everyone is happy, the money will be spent."

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