Hong Kong announces fresh relief measures of $255 million to boost economy

FAN Editor
Hong Kong Financial Secretary Paul Chan speaks during a ceremony marking the first day of trade after Lunar New Year at the Hong Kong stock exchange in Hong Kong
FILE PHOTO: Hong Kong Financial Secretary Paul Chan speaks at the Hong Kong stock exchange in Hong Kong, China February 8, 2019. REUTERS/Tyrone Siu

October 22, 2019

HONG KONG (Reuters) – Hong Kong Financial Secretary Paul Chan announced on Tuesday fresh relief measures of HK$2 billion ($255 million) to support the economy as anti-government protests roil the Chinese-ruled city which is bracing for its first recession in a decade.

The move follows a HK$19.1 billion ($2.4 billion) package in August to support the underprivileged and business enterprises as the government grapples with five months of protests that have battered the retail and tourism sectors.

(Reporting By Noah Sin, Clare Jim and Donny Kwok, Writing by Anne Marie Roantree; Editing by Nick Macfie)

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