The Financial Secretary, Paul Chan, published a blog today (2nd), describing his itinerary of having fun with the people on the National Day, the first day of distributing the second tranche of consumer coupons. In retail transactions, about 30% is used for catering, and about 10% is used in the service industry, and more than one-third of citizens have used up their consumption coupons in the first month.
He also disclosed that since the launch of the consumer coupon program last year, the six stored-value payment platforms have added about 8 million new consumer accounts and more than 150,000 merchants.
In the first eight months of this year, online retail sales totaled 20.45 billion yuan, an increase of nearly 22% over the same period last year. Online sales accounted for 9.0% of the total retail value.
Chen Maobo (second from right in the front row) attended the flag-raising ceremony on National Day.
(Financial Secretary Blog)
Yesterday (1st), about 6.36 million eligible citizens were issued the second phase of consumer coupons, which instantly injected about 15 billion yuan of spending power into the retail and catering market.
Chen Maobo said in his blog today that these days are the long weekend of the National Day and Chongyang Holidays, and the strong festive atmosphere will help increase consumer sentiment.
Consumer coupons have a significant effect in stimulating the consumption market and boosting the economy.
The increase in the number of online shopping accounted for 9% of the total retail value from 5.4%
He said that with more consumers and merchants accepting electronic payment, the online sales transaction volume has grown rapidly. In the first eight months of this year, the cumulative online sales of the retail industry reached 20.45 billion yuan, an increase of nearly 22% over the same period last year. Compared with the same period of the previous year, it has increased by 70%.
Among them, the proportion of online sales in the total retail value has gradually increased from only 5.4% in the same period of the previous year to the current 9.0%.
▼On October 1st, citizens will register at the travel agency on the first day they receive the consumption coupon▼
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In August, one-third of the citizens used up 60% of the consumer coupons for retail sales in the first month
Chen Maobo said, "Take the first phase of consumer coupons in August with a scale of about 13 billion yuan as an example. In the first month of issuance, about 70% of the coupons have been used. Of these consumptions, about 60% were used in Retail transactions; about 30% is used for catering; the other about 10% is used in the service industry. In terms of the number of users, more than one-third of the citizens have used up their consumption vouchers in full within the first month of being issued.”
He also pointed out that although consumer coupons can play a short-term boost and help stabilize confidence, the retail market has always been affected by the general economic environment, including interest rate hikes, Hong Kong stocks and the property market under pressure. The value of goods fell slightly by 0.1%, but continued to increase on a seasonally adjusted month-on-month basis.
He believes that consumer coupons have played a certain supporting role in the weak retail market.
▼The market situation of the first round of issuance of the second phase of consumer coupons 2022 on August 7▼
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6 Stored Value Platforms Add a Total of 8 Million Consumer Accounts
Chen said that another policy goal of the consumer voucher program is to promote and deepen the application of electronic payment.
In total, the six stored-value platforms have added about 8 million new consumer accounts and more than 150,000 merchants since the program was launched last year.
With more consumers and merchants accepting electronic payments, online sales transactions have grown rapidly. He continued that in the first eight months of this year, the cumulative online sales of the retail industry reached 20.45 billion yuan, an increase of nearly 22% over the same period last year. , compared with the same period of the previous year, an increase of 70% or 70%.
The proportion of online sales in the total retail value has also gradually increased from only 5.4% in the same period of the previous year to the current 9.0%.
▼The second issue of $5000 coupon Q&A▼
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He emphasized that under the continuously deteriorating external environment and increasingly fierce market competition, it is necessary to strengthen support for technological innovation and deepen application, so as to create more growth space for the economy and enterprises.
The government should better integrate "promising government" and "efficient market" to promote the diversified development of industries and enhance the impetus for economic growth.
Chen Maobo used consumer coupons with the people on National Day
Yesterday's National Day, after Chen Maobo attended the flag-raising ceremony and the National Day reception in the morning, he invited some grassroots families, including friends who made dumplings when they landed in the district, to travel together to celebrate the National Day. The Star Ferry arrived in Wan Chai, took the Victoria Harbour water bike (Duck Boat) with the children, and then went to a restaurant to become a dim sum clerk. He used his own consumption coupons to buy longevity peach buns and personally distributed them to the tea customers present.
Chen Maobo mentioned that the upcoming 20th National Congress of the Communist Party of China will provide an important direction for Hong Kong to plan its future development, "The 20th National Congress is a very important meeting, which will plan the development goals of the Chinese Communist Party and the country in the next five years or even longer. tasks, major policies and action plans.”
The National Day Flag Raising Ceremony of the SAR Government.
(Financial Secretary Blog)
He said that it is necessary to have a deeper understanding, understanding and comprehension of the development of the party and the country and its plans for the future, grasp the key points, find the right direction, and promote Hong Kong to integrate into the overall development of the country more quickly and comprehensively, serve the needs of the country more effectively, and serve the needs of the country. Create a brighter future for yourself.
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