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Govt to enhance securities trading

It is a pleasure to be here with you today, especially after an accident that has reminded me of the importance of staying vigilant even in relatively peaceful times. Continuously enhancing competitiveness despite good business is also a theme I wish to harp on in today's speech.   Some of you may recall that I last spoke to you in November 2018. That was into the second year of my tenure, witnessing the celebration of the 40th anniversary of our nation's reform and opening up, and the consecutive opening of two major pieces of cross-boundary transport infrastructure - the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macao Bridge. All seemed bright and well. And then we all have some frightening memories of what Hong Kong had gone through in the following two years. Few would disagree that it has been a very challenging period for Hong Kong, particularly with the riots in the latter half of 2019 during which some banks were

Launch of consumption vouchers

(To watch the full press conference with sign language interpretation, click here.)   The Government said today that the Consumption Voucher Scheme, announced in the 2021-22 Budget, is open for registration from July 4 to August 14 and the $5,000 will be disbursed in up to three instalments.   Hong Kong permanent residents and new arrivals aged 18 or above residing in Hong Kong can register for the vouchers.   The vouchers should be used at local retail, catering and service outlets or their online platforms, but cannot be used on government or public utility payments, study fees, financial products or donations.   Unveiling the scheme’s details this afternoon, Financial Secretary Paul Chan said: “The whole idea is to give the people of Hong Kong these vouchers for them to spend so as to also revive our economy. That is why we really want the recipients of these electronic consumption vouchers to spend the vouchers.”   The scheme will also help local small-and-medium merchants explore potential business opportunities by adopting electronic payments, he added.   Four stored value facilities, namely AlipayHK, Octopus, Tap & Go and WeChat Pay HK are designated for the registrants to receive the vouchers.   Registration can be conducted online from July 4 and those who have completed registration this way by July 17 will get the first disbursement on August 1 after the registrants’ eligibility is confirmed.   “For people using Octopus cards - depending on the date of registration - if the registration is done within the first two weeks, the first payment (of $2,000) will be on August 1 and the second payment (of $2,000) will be on October 1,” Mr Chan said.   The registrants will receive the remaining $1,000 if their cumulative totals have reached $4,000 within the specified period from the disbursement of the first consumption voucher.   Those who choose to receive the vouchers through AlipayHK, Tap & Go or WeChat Pay HK will get $2,000 first and $3,000 two months later.   Registration for the consumption vouchers can be done online or in paper format. Registration forms that can be downloaded from the thematic webpage should be completed and put in drop-boxes at designated locations together with copies of the registrants’ identity documents from July 5.
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