The Omicron variant virus triggered the fifth wave of the epidemic. The Hong Kong government tightened a series of anti-epidemic measures last week. Restaurants were banned from dine-in in the evening market, and listed premises such as beauty salons and cinemas were required to close for two weeks.
Chief Executive Carrie Lam Cheng Yuet-ngor announced before attending the guild today (11th) that the fifth round of anti-epidemic funds will be launched to support industries directly affected by the tightened anti-epidemic measures and frozen due to the epidemic, including restaurants and travel agencies.
She pointed out that the last round of anti-epidemic anti-epidemic funds had more than 4 billion yuan left unspent, which is believed to be enough to release the fifth round of funding. Details will be announced this Friday (14th).
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With reference to the fourth round of funding arrangements, there is still $4 billion available
Carrie Lam said that the Anti-epidemic Fund 5.0 is divided into two parts. One is for industries directly affected by the tightened epidemic prevention measures, including restaurants and scheduled premises that must be closed; the other is for industries that have been in a frozen state, including travel agency.
She pointed out that the last four rounds of anti-epidemic funds have been "buried", and there is still a balance of more than 4 billion yuan, which is believed to be enough to pay for the new round of funds. If it is really not enough, she may seek funding from the Legislative Council Finance Committee later. Hope it will be released soon.
Carrie Lam mentioned that the Anti-epidemic Fund 5.0 will be based on the fourth round. For example, according to the previous round, restaurants will be subsidized by area; while beauty salons will be calculated by the number of beauticians.
However, she pointed out that the amount of subsidy is different from the fourth round, because when the last round of subsidy was launched, listed premises such as beauty salons had been closed for more than 100 days, and dine-in restaurants had been banned for 70 days.
The government intends to launch an anti-epidemic fund. Catering stocks generally rise by 6% in Shanghai Niujiao parent company Xufulou.