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Written by: Golden Chess Zheng Cuibi
2021-02-26 10:30
Last update date: 2021-02-26 10:30
[Budget 2021 / Electronic Consumer Vouchers] The new budget has been released a few days ago, and it was announced that a total of 5,000 yuan of consumer vouchers will be distributed to each eligible person, which will be issued in 5 phases.
Financial Secretary Chen Maobo said today (26th) that the purpose of consumer coupons is to boost the economy, and it is expected to have a 0.7% boost to the economy.
He also pointed out that consumer vouchers are more complicated than distributing money and hope that they can be launched this summer.
In terms of distribution, Chen Maobo stated that the Octopus will be included, but the personal Octopus is not considered.
He also said that he would continue to use a system similar to the previous money distribution system.
The coupons can also be used for charity purposes.
Regarding the increase in stamp duty on stocks, he emphasized that Hong Kong’s status as an international financial center will not be shaken, nor will it weaken its competitiveness. Hong Kong’s other fees are still lower than those of the Mainland. In addition, Hong Kong does not have foreign exchange controls, so it is relatively relative to the Mainland stock market , Hong Kong is still attractive.
▼How to use the coupon?
Click the picture to see the $5000 electronic coupon lazy bag▼
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▼The government's launch of electronic consumer coupons can stimulate the consumer market▼
Chen Maobo pointed out in Hong Kong and Taiwan’s English program today that consumer coupons are expected to boost the economy by 0.7%.
Some listeners asked whether they would consider transferring cash to the elderly. Chen pointed out that last year, 10,000 yuan was distributed. Many people suggested that consumer coupons should be distributed, but this year the opposite was true.
He emphasized that the purpose of consumer vouchers is to boost the economy. He hopes that the public can use the money within a short period of time. At this stage, he still intends to distribute them in the form of consumer vouchers.
Chen also pointed out that consumer vouchers can be used in a wide range. In addition to eating in fast-food restaurants and shopping in markets, the public can also use consumer vouchers for charity purposes.
When asked whether many stalls do not have electronic payment such as Octopus, he said that there are plans to help stalls install Octopus, etc. Besides, there will be other operators.
▼Chen Maobo announced the new budget in the Legislative Council▼
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In the face of serious unemployment, capital has been invested in creating temporary jobs and
the unemployment rate is serious. Chen Maobo said that the government has invested resources in creating temporary jobs and citizens can also participate in retraining programs. Hong Kong will have a big deficit in the future and the government has done its best.
When asked what would happen if the public did not repay the unemployment loan, he believed that the unemployment situation would improve after the economy improves, and the bank is an intermediary. It is expected that the bank will recover the loan in the usual way, but the government guarantees the loan 100% , He emphasized that those who do not repay will not be without consequences.
In terms of taxation, some listeners asked whether the government would lower the tax rate on spirits. Chen Maobo said that after the red wine tax was abolished many years ago, Hong Kong became a trading center for red wine, but due to health issues, spirits would not be handled in the same way. .
He also said that the establishment of new taxes requires more in-depth analysis, and the government also believes that it is not the right time to increase taxes.
He continued that the increase in stock stamp duty will not destabilize Hong Kong’s status as an international financial center, nor will it weaken its competitiveness, because investors can invest in Chinese stocks in the Hong Kong stock market, and the stock stamp duty will only increase slightly. Other charges It is still lower than that of the Mainland, and Hong Kong does not have foreign exchange controls, so Hong Kong is still attractive compared to the Mainland stock market.
Chen Maobo also said that if the competitiveness of Hong Kong's stock market is to be improved, it is more important to increase the types of investment products.
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The Budget 2021 Budget Electronic Consumer Vouchers Chen Maobo