The second phase of 5,000 yuan consumer coupons will be issued during the summer vacation. Financial Secretary Chen Maobo said in his blog today (12th) that the details of the issuance will be announced this week, hoping that through the market power of "transferable", consumers can enjoy the most Consumption discounts allow consumer coupons to exert a greater leverage effect, and also allow the development of electronic payment to be wider, wider and deeper.
He also pointed out that if the public chooses to "don't transfer" and continue to use the stored value payment facility that they received last time consumer coupons, they do not need to go through any registration procedures.
The government will automatically verify the information that has been registered before, so that eligible citizens can smoothly receive the consumption coupons at the designated time.
▼4.15 The first day of the Easter holiday, the first long holiday after the distribution of consumer coupons▼
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Chen Maobo said that the retail market in Hong Kong has improved slightly. It was announced earlier that retail sales in April rose by 11.7% year-on-year, ending a two-month decline. The total sales value in a single month returned to the level of 30 billion yuan. Sales of supplies soared by more than 40%.
Although the total value of retail sales in the first four months of this year fell by about 3%, he pointed out that online sales still performed well. During the period, the value of online sales bucked the trend and rose by 36%, involving more than 11 billion yuan. Retail sales accounted for nearly 10%, up from about 7% in the same period last year.
Retailers with brick-and-mortar stores reported online sales of more than 6.7 billion yuan in the first four months of this year, up 48 percent; virtual stores sold 4.3 billion yuan in the same period, up 20 percent.
The second phase of 5,000 yuan consumption coupons will be issued during the summer vacation, and details of the issuance will be announced this week.
(Photo from Chen Maobo's blog)
Chen Maobo said that since the launch of the consumer coupon program last year, the major stored-value payment platforms have added about 6.6 million consumer accounts and about 130,000 merchant users.
With the second phase of the $5,000 consumer vouchers to be issued during the summer vacation, the government has announced two new SVF operators, including BoC Pay and PayMe from HSBC, bringing the total number of operators to choose from to six. Chen Maobo I believe they will have a new round of publicity and promotions to attract customers.
He also pointed out that the establishment of a "Digital Economy Development Committee" was proposed in the Budget at the beginning of this year, and the preparations for the establishment of the "Digital Economy Development Committee" were almost completed. On this basis, we formulate the direction, strategy and key performance indicators, and make suggestions on how to strengthen cooperation with key stakeholders and promote the development of the data service industry. At the same time, we propose strategic suggestions on the digital transformation of different industries. We look forward to working with the industry and academia. The representatives worked closely together to lay an important foundation for the continuous upgrading and transformation of Hong Kong's future economy.
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