Political situation
Written by: Peng Zhuowei, Wu Zhuoan, Zheng Baosheng
2021-02-24 15:11
The last update date: 2021-02-24 15:21
[Budget 2021/Electronic Consumer Vouchers/Stock Stamp Duty] The new "Budget" was released today (24th). Financial Secretary Chen Maobo announced that it will be issued in installments to Hong Kong permanent residents and new arrivals aged 18 or above A total of 5,000 yuan in electronic consumer coupons will be issued.
However, other "sugar distribution" measures have shrunk significantly. Both CSSA and fruit grants are "sugar reduction" and only "half-month food" is provided, and the scale of measures such as rate concessions and tax rebates has been reduced.
Chen Maobo attended the "Budget" press conference at 3 pm and was asked about electronic consumer coupons and "sugar reduction" measures.
"Hong Kong 01" will provide live broadcast.
▼Budget 2021 Benefits Measures Lazy Package▼
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[15:05] A reporter asked that the expenditure related to the National Security Law will reach 8 billion yuan in the next year. The Financial Secretary Chen Maobo responded at the press conference that government expenditures in the last quarter have been announced and the National Security Law also mentioned that. He will explain this in the Legislative Council documents in the future.
Regarding the mention in the Budget that the Bureau of Finance and the Rating and Valuation Department has been asked to review the rates system, including whether a progressive rates system should be introduced and constant concessions for owner-occupied properties, Chen Maobo pointed out that it is now a suitable opportunity for review. But the emphasis has nothing to do with cracking down on property speculation.
As for the 5,000 yuan consumer voucher, Chen Maobo said that it is different from the policy goal of distributing money last year. This year, social events and the epidemic have led to an economic downturn. He hopes to increase consumption in Hong Kong.
He also pointed out that after today’s announcement, the government will find payment tools for discussion, but admitted that the use of electronic papers is more complicated. It is currently tentatively distributed at $1,000 per month for 5 months, and will strive to start registration for the summer vacation.
Budget | Promote the Insurance-Linked Securities Funding Pilot Scheme with a funding limit of 12 million each time
Budget | Chen Maobo: 7.2 million people will benefit from issuing 5,000 yuan electronic consumer vouchers
Budget │Private car first registration tax increased by 15%, license fee increased by 30%
Budget | Increase of stock stamp duty from 0.1% to 0.13% Financial industry: "kill chickens and get eggs"
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Chen Maobo's 2021 budget electronic consumer coupons are my home