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Written by: Golden Chess
2020-03-10 16:53
Last updated: 2020-03-10 16:53The outbreak of new coronavirus pneumonia (commonly known as Wuhan pneumonia) continues, and business in many industries in Hong Kong has also suffered severe setbacks. An agency survey found that nearly 40% of the companies surveyed were forced to suspend all or part of their business, with schools and education-related industries being the most severe. In addition, nearly 60% of the company's decision-makers are pessimistic about the turnover in the next year, and many cash flows are only sufficient to support one to two months.
Some organizations have suggested that the government should implement measures to support the business community, and both the government and enterprises need to strengthen emotional support for company policy makers and employees.
The Hong Kong Elite Club and the Hong Kong Innovation and Technology Development Association conducted a questionnaire survey on the impact of the new coronavirus epidemic on all sectors of Hong Kong. The survey results were announced today (10th). (Photo by Golden Chess)
The "Hong Kong Elite Society" and "Hong Kong Innovation and Technology Development Association" conducted a questionnaire survey on the "Effects of the New Coronavirus Epidemic on Hong Kong's All Sectors" from the end of February to the beginning of this month. The survey returned a total of 454 questionnaires, including 251 decision makers from institutions, of which 80% were SMEs, with the information technology sector accounting for the largest number. The survey found that 38% of the companies surveyed indicated that they have suspended some or all of their businesses; 59% of the companies surveyed were pessimistic about 2020 turnover. Among them, more than 80% of decision makers in the legal, catering and tourism industries were pessimistic.
The survey found that half of the policy makers interviewed said they are facing cash flow problems, and a third said that cash flow is only sufficient to support 3 months or less. In addition, 69% of the respondents said that the epidemic had a negative impact on their emotions, and more than 70% of policy makers reported that they were under extreme pressure during the epidemic. More than 20 decision makers are required to reduce pay and sever employees.
Chen Diyuan (right) suggested that relevant government departments should take this opportunity to actively promote the industry to develop technology related to working at home. (Photo by Golden Chess)
The survey also pointed out that 56% of the respondents were dissatisfied with the government's anti-epidemic performance. In addition, more than one-third of the interviewees think that providing rent and utilities subsidies can help the organization to overcome the difficulties. Others believe that loan-related policies are the most urgent, such as deferred repayment and loan interest compensation.
Chen Diyuan, chairman of the Hong Kong Innovation and Technology Development Association, said that the survey also asked companies to work from home. 57% of the companies surveyed said they had arranged their employees to work from home, and schools and charitable or social welfare organizations had the highest proportion of working from home. 100%. However, Chen believes that in the past, the organization did not prepare for working from home, and lacked relevant technology and technical cooperation, which reduced work efficiency.
The Hong Kong Elite Club and the Hong Kong Innovation and Technology Development Association conducted a questionnaire survey on the impact of the new coronavirus epidemic on all sectors of Hong Kong. The survey results were announced today (10th). (Photo by Golden Chess)
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Chen Diyuan suggested that relevant government departments should take this opportunity to actively promote the industry to develop technology related to home work. If emergencies occur in the future, such as natural disasters, they can also arrange home work more effectively.
In addition, the budget proposes a preferential low-interest loan guaranteed by the government with a 100% guarantee, subject to a ceiling of 2 million yuan. Chen Diyuan pointed out that he had inquired with the bank as his company. The approval of the loan plan took half a year. He criticized that "the epidemic was approved every minute and it was extremely urgent." Chen suggested that the government should discuss with banks to expedite the examination and approval in order to help SMEs to overcome difficulties more effectively.
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