The Limited Times

Now you can see non-English news...

Xu Zhengyu: It is difficult to withdraw non-residential double stamp duty when it is difficult to promote employment

2020-12-05T04:37:44.675Z


The fourth wave of the new crown pneumonia epidemic broke out, and all walks of life were hit hard again. The unemployment rate in the third quarter was 6.4%, the highest in nearly 16 years, and a total of 259,800 people were unemployed. The "Ensure Employment" program was completed at the end of last month, and the government has repeatedly stated that there is no plan


Political situation

Written by: Zhai Ruimin

2020-12-04 10:45

Last update date: 2020-12-04 10:45

The fourth wave of the new crown pneumonia epidemic broke out, and all walks of life were hit hard again. The unemployment rate in the third quarter was 6.4%, the highest in nearly 16 years, and a total of 259,800 people were unemployed.

The "Ensure Employment" plan was completed at the end of last month. The government has repeatedly stated that there is no plan to launch the third phase. The Secretary for Financial Services and the Treasury, Xu Zhengyu, said in a radio interview this morning (4th) that the Policy Address has predicted that Hong Kong will have With a deficit of 300 billion yuan, the government's expenditure on fighting the epidemic has already accounted for 10% of GDP. There is a need to balance fiscal stability.

He said that the next step will be to more accurately help the industries affected by the epidemic, and reiterated that it is relatively difficult to launch "guarantee jobs" again.

In response to the epidemic, the government launched two rounds of "Protecting Employment" plans, but after the completion of the plan, companies have laid off employees.

(Profile picture / Photo by Liang Pengwei)

Budget consultation will start next week

In an interview with the TV program "Millennium", Xu Zhengyu pointed out that the government now needs to observe economic development in a rolling fashion and focus on assisting individual affected industries.

When asked whether he would provide additional support for restaurants and bars, he said that he could consider helping individual communities. The government will consult on the "Budget" starting next week.

He also pointed out that in addition to securing jobs, it is also necessary to create jobs. The authorities have created many short-term jobs. For example, the "Anti-epidemic Fund Fintech Talents Program" has created more than 700 jobs. 90% of the beneficiary companies are SMEs and 30% of the jobs The applicants are persons under the age of 25, and it is hoped that the project will enable the public to gain experience in financial technology and help future employment.

When asked about the fact that the government still insists on pushing "Lantau Tomorrow" despite the economic instability, Xu Zhengyu pointed out that the plan can solve the general demands of the society, and reiterated that part of the 600 billion yuan cost is used for infrastructure and the government also has different financing options. Will not rashly do things that are bad for Hong Kong in the long run.

Xu Zhengyu.

(Profile picture)

Non-residential properties "remove spicy" Xu: Help companies cash in and increase cash flow



. The policy address proposed in the "policy address" to revoke the double stamp duty on non-residential properties has been implemented for one week. Xu Zhengyu said that there is no clear conclusion yet, but he emphasized the policy purpose Not out of tax considerations, but to help companies sell non-residential properties for cash to cope with the impact of cash flow.

He said that the current market conditions for non-residential properties are under control.



Talking about Ant Group's sudden suspension of listing, Xu Zhengyu pointed out that the most important thing is the smooth refund arrangement, which also reflects the resilience of Hong Kong's financial market, which can withstand different changes.

Luo Zhiguang: There is no plan to promote the third phase of employment protection, and would rather create job opportunities than send money

New crown pneumonia|The end of job security and layoffs wave, MPs worry that the government is insensitive and refuses to support

Guaranteed employment is over│Wing On Tourism announced over 32 million layoffs of 120 people: zero income expenditure pressure

Supermarket insurance and employment cash coupon price concern group: the price of essential products for epidemic prevention should be reviewed

01News

Secretary for Financial Services and the Treasury, Xu Zhengyu, Employment Plan

Source: hk1

All news articles on 2020-12-05

You may like

News/Politics 2024-02-23T16:51:46.863Z

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.