Live | Renouncing that the budget does not support the agriculture and fisheries sector He Junxian: Chen Maobo as a "tyrant" refuses to listen to opinions

Political situation

Written by: Wu Zhuoan, Zhou Haoyi, Zhou Lixi Luo Kunyi

2021-02-25 11:02

The last update date: 2021-02-25 12:40

The new "Budget" was released yesterday (24th). Financial Secretary Chen Maobo will attend a meeting of the Finance Committee of the Legislative Council this morning (25th) to respond to a series of questions from Members on the budget.

"Hong Kong 01" will be broadcast live.

Zhang Huafeng denounces the mistake of stamp duty

[12:23] Tian Beichen said that after reading the details of the electronic consumer voucher, he thought it was like responding to his request for 8,000 yuan for the whole people, because 1,000 yuan per month can only be done like "food Subsidies", but still suggest flexibility.

He also stated that 100% secured loans and 6 months of salary within 5 years are still difficult for the people involved. If they are not handled properly, it is like a "time bomb."

As for the "Special Value-Added" program, Tian Beichen cited the public as saying that he hopes that this project can do more and help the people to become self-reliant.

Chen Maobo reiterated that the 5,000 yuan electronic consumer voucher was distributed in 5 months, based on foreign experience, and hoped that the money can flow back to the local economy in a short time.

As for the "Special Value-Added" plan, he mentioned that in addition to this plan, the government has also created 30,000 temporary jobs to assist the unemployed.

[12:20] Zhang Huafeng, a member of the Pakatan Harapan financial services sector, directly condemned that the government's decision to increase stamp duty on stocks was wrong. The doubt was to "surge" investors in Hong Kong and the Mainland, which affected investor confidence and shrank trading volume, which ultimately outweighed the gains.

He rebutted Chen Maobo’s earlier claim that the stock market volatility did not prove the impact of the tax increase, saying that the Hang Seng Index fell by more than 1,000 points yesterday, evaporating hundreds of billions of yuan in assets, which must have been caused by the increase in stamp duty. He urged the government to reconsider the decision to increase stamp duty on stocks or reduce it. Increase.

Chen Maobo said that in order to maintain Hong Kong’s status as an international financial center and increase market vitality and trading volume, stamp duty is not alone, but the most important thing is market development. For example, the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect have been launched in the past. The government will also fully develop in the future. Green sustainable finance and bond market.

[12:19] The DAB Ge Peifan relayed the attack on Luo Zhiguang. She was angry that the Bureau of Labor and Welfare did not consider setting up unemployment assistance. She also pointed out that unemployment loans are "better than nothing". She is concerned about whether people who stay on leave or who are scattered can apply for loans. , I also mentioned that some people in the online discussion forum discussed "going away" and emigrating after borrowing money, and asked the government to study plugging loopholes.

The Secretary for Financial Services and the Treasury Xu Zhengyu said that as long as applicants can provide proof of unemployment or prove that they have lost their main income, they are also eligible to apply.

Ge Peifan is also concerned about whether the stamp duty on the stock market will affect the attractiveness of Hong Kong's financing, which will make Hong Kong "large due to small losses."

Xu Zhengyu said that market competitiveness is not "competitiveness," but quality. He also pointed out that even if Hong Kong increases stock stamp duty, there are still no other taxes such as dividend tax.

Zheng Songtai approved the increase in stamp duty, the treasurer: investing money has nothing to do with the cost of 30 yuan

[12:12] Zheng Songtai, a passionate citizen, criticized that the "Budget" clearly took the middle class. Yesterday, the stock market fell sharply. It was related to the government's self-deprecation of Hong Kong's financial status. , Increasing stamp duty, and mocking Chen Maobo's design of "Budget" with the idea of ​​operating subdivided housing.

Chen Maobo retorted that the increase in stamp duty has nothing to do with the decline in the stock market. He also pointed out that not only Hong Kong fell, but also South Korea and Japan fell yesterday. He also pointed out that the Hang Seng Index rose 600 points today. He believed that market fluctuations were normal. Don’t make a fuss. He also pointed to investment. Whether the stock is profitable has nothing to do with the cost of 30 yuan.

[11:56] The Liberal Party Yi Zhiming said that I would like to thank the Secretary for accepting the party’s many proposals, but did not launch the third phase of the employment guarantee plan, and failed to help enterprises "continue their lives" without closing down. He once suggested an improvement plan. If you apply conditionally, your expenses will be much less.

Chen Maobo responded that he did not intend to launch the third phase of the employment protection plan under the current environment. The budget introduced this time is about 120 billion yuan. Within the current financial scope, all parties must be considered. The current plan is more suitable.

The budget proposed to increase stamp duty on stocks, and the stock price of the Hong Kong Stock Exchange (0388) fell.

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Licensing fee plus 30% Chen Maobo said it is reasonable: no increase in 30 years

[11:55] The Liberal Party Shao Jiahui said that he was disappointed that the government did not introduce short-term unemployment assistance. However, the government launched a "100% guaranteed personal preferential loan program" that can provide life-saving money for the unemployed and support related practices.

He is also concerned about the government's measures to increase the first registration tax rate for private cars by 15% and the license fee by 30%.

Chen Maobo said that car license fees have not increased for 30 years, and this is a reasonable increase, and the increase in the first registration tax for private cars is to curb the growth of vehicles.

▼Electronic consumption voucher 5000 yuan lazy bag▼

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Chen Maobo: installment distribution of consumer coupons has the greatest effect in boosting the economy

[11:46] DAB Huang Dingguang is concerned that the administrative fee for electronic consumer vouchers is as high as 600 million yuan. Chen Maobo responded that "Energy savings will be saved." He also mentioned that the planned budget of 10,000 yuan was distributed last year and 1 billion yuan was used. 300 million yuan, now even if the limit is approved, it will "save an envoy."

Wang Xueling, Director of the Budget and Tax Policy Group, pointed out that simplicity and stability are the principle of consumer vouchers. Through stored-value payment tools, 1,000 yuan consumer vouchers valid for one month are issued, hoping to cover the widest possible coverage and help local businesses, including the retail catering industry.

As for the administrative fee of 600 million yuan, she said that it is a temporary estimate, including related departments’ computer system update devices and manpower allocation, as well as finding payment tools and processing written forms, as well as finding service contractors for service fees, all of which also require publicity expenses. Set aside 600 million yuan for administrative expenses.

Chen Maobo said that he will submit information to the Legislative Council later.

[11:45] The New Democrat Party Rong Haien hopes that consumer vouchers will not be distributed in installments. He also pointed out that the government distributed money last year. Regional organizations have done a lot of publicity and registration work. I hope that the government will distribute consumer vouchers this time to increase resources to regional organizations and assist. Citizens and the elderly register, describing "the elderly are so unfamiliar with the concept of consumer vouchers", and they also said: "District councils have failed. There is no regional organization to help the government push policies?"

Chen Maobo thanked the local people who worked silently for the government. After the policy reaches the regional level, it will rely on the support of local people. He also pointed out that the scope of the use of consumer vouchers will be the scope of the government's future follow-up work.

Lu Songxiong of the Federation of Trade Unions said that he hoped that Chen Maobo would not be "off the ground" and hard-hearted like Luo Zhiguang.

(Photo by Lu Yiming)

[11:40] Lu Songxiong of the Federation of Trade Unions said that the biggest obstacle to the establishment of unemployment assistance comes from the Secretary for Labor and Welfare, Luo Zhiguang. He hopes that if Chen Maobo is not "off the ground" and hard-hearted like Luo Zhiguang, he can help lobby Luo Zhiguang to launch unemployment. Aid.

He asked whether it is possible to distribute electronic consumer vouchers of 5,000 yuan at a time so that the public can use them to buy electronic products.

In response, Chen Maobo pointed out that Luo Zhiguang has repeatedly pointed out that it is the position of the SAR government not to set up unemployment assistance. He also said that learning from foreign experience and distributing time-limited consumer coupons in installments will have the greatest effect in boosting the economy. Therefore, he decided to pay in 5 installments, monthly. 1000 yuan, must be used within 30 days.

[11:35] Yao Sirong from the tourism industry pointed out that the tourism industry was frozen due to the epidemic. He mentioned that the Budget had earmarked a total of 930 million yuan to increase tourism resources. He asked if the situation in the tourism industry does not improve in the second half of this year. 930 million yuan will be used for direct assistance to the industry.

Chen Maobo said that the HKTB has actual projects to advance, and it is inappropriate to directly subsidize the industry with 930 million yuan.

Yao Sirong asked whether the vouchers can be used to rent hotel rooms.

Chen Maobo only said that he hoped that the use of consumer coupons would be as wide as possible and he hoped to help different industries.

▼Budget 2021 Benefits Measures Lazy Package▼

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Mai Meijuan rejects unemployment assistance: Luo Zhiguang is not ugly

[11:22] Mak Meijuan of the Federation of Trade Unions said that under the fiscal deficit, think of ways to solve the problem. A 100% guaranteed preferential loan is one of the options, but it absolutely cannot replace unemployment assistance. It emphasizes that the MPF is a retirement protection and cannot Because the Bureau of Labor and Welfare "don't do anything", it uses MPF to solve the problem and denounces "(The Commissioner of Labor and Welfare) Luo Zhiguang is not ugly."

She also said that a survey conducted by the Federation of Trade Unions showed that more than 40% of wage earners stopped working and their incomes decreased. She said that loans could not help those people.

Chen Maobo pointed out that the "initial intention" of the loan was to help people in need, such as those who have stopped working. The situation is more complicated, and the Bureau of Labor Welfare has increased assistance for families with insufficient income.

Mai Meijuan of the Federation of Trade Unions criticized the government for rejecting unemployment assistance and denounced the Director of Labor and Welfare Luo Zhiguang for "ugly, not ugly."

(Photo by Lu Yiming)

Refusing to withdraw MPF contributions early

[11:25] Liu Guoxun, the DAB, questioned that the government does not allow citizens to withdraw MPF, and instead provides the unemployed with a "100% guaranteed personal preferential loan scheme" is a misuse. Concerned about the handling fee issue and implementation method of electronic consumer coupons.

Chen Maobo pointed out that the MPF is a retirement protection for the public and cannot be used as collateral. Even if the public is bankrupt, the creditors cannot withdraw the MPF. This time the introduction of the personal preferential loan scheme provides the public with one more option.

In addition, he pointed out that Octopus is widely used in Hong Kong and will definitely be included in the distribution of electronic consumer coupons.

[11:10] Labour councillor Pan Zhaoping said that he welcomes Chen Maobo's absorption of the views of the AFL. He is concerned about whether the "100% Guaranteed Personal Preferential Loan Scheme" will be regularized and the amount will be increased.

Chen Maobo said that the plan period is limited to six months because the epidemic prevention and anti-epidemic effects have been seen. In addition, the entire population will be vaccinated. It is expected that the economic momentum will improve in the middle of this year and the unemployment pressure will ease. As for whether it is necessary to extend the application period, It is too early to say.

[11:00] Chen Maobo attended the Finance Committee of the Legislative Council at 11 in the morning. In his opening speech, he pointed out that in the face of economic difficulties, 120 billion countercyclical measures were taken to ease the economic downturn and the impact of the epidemic, and leverage the use of resources.

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