It costs about 7 1 100 million Hong Kong dollars. On February 26th this year, the Financial Secretary of Hong Kong, Chen Maobo, delivered the budget of the SAR Government for the fiscal year 2020/202 1 in the Legislative Council of the SAR, announcing that every Hong Kong permanent resident aged 18 or above would be given 1 10,000 yuan, which on the one hand encouraged and promoted local consumption, and on the other hand alleviated the economic pressure of the citizens. This measure is expected to benefit about 7 million people and involve an expenditure of about 7 1 billion yuan.

On the same day, Chen Maobo said at the press conference that the cash distribution plan will be registered from June 2 1 to June 65438+February 3 1 next year. Eligible Hong Kong citizens can register electronically through bank websites or personal e-banking, or receive checks through written registration. He suggested that the public choose electronic registration as much as possible, because it is more convenient and faster.

Chen Maobo predicted that citizens who registered before the end of June will receive money from July 8, and those who registered in July will receive money about a week after registration. He hopes that after receiving the money, citizens can spend more and revitalize Hong Kong's economy.

Extended data

Hong Kong Financial Secretary explains the reasons for issuing cash.

When the budget was prepared at the beginning of the year, the economy was already in a very weak momentum. Sino-US trade friction, social violence and COVID-19 epidemic have brought the economy into an unprecedented predicament. From the relief measures of more than HK$ 654.38+02 billion in the budget to the support of more than HK$ 654.38+06 billion in two rounds of epidemic prevention and anti-epidemic funds, different funds are being distributed to target industries or groups one after another. I believe these measures are gradually taking effect.

With the recent easing and gradual control of the epidemic in Hong Kong, people are going out again. The government's cash distribution plan of HK$ 1 10,000 will also be distributed to the public early next month. The superposition of these two favorable factors in time is expected to improve the atmosphere of the consumer market. Whether shopping or dinner, consumption also needs a suitable atmosphere, mood and funds. The cash distribution plan of HK$10,000 will help stimulate consumption desire.

However, the epidemic situation in some overseas countries is still relatively repeated, and residents stay in Hong Kong for a long time at this stage, creating a space conducive to local consumption. I have noticed that banks, shopping malls and even shops in different industries have successively launched different types of preferential promotion plans, hoping to attract more consumers' attention through different ways by distributing HK$ 10,000.

People's Daily Overseas Network-Hong Kong's cash distribution plan of HK$ 654,380,000 will be accepted from June 2654,380+0.

China Youth Network-Hong Kong Financial Secretary Chen Maobo published an article