SandpiperSandpiperSandpiperSandpiper
  • Expertise
  • People
  • Careers
  • News & Insights
  • Contact
  • Events
Does business think Singapore is weathering the Covid-19 storm?
Does business think Singapore is weathering the Covid-19 storm?
Where will Australians go for real news?
Where will Australians go for real news?

Hong Kong Budget 2020-21: key takeaways

Categories
  • Corporate Communications
  • Financial
  • Government and Public affairs
Tags
  • economy
  • Hong Kong
  • policy monitoring
Hong Kong Budget 2020-21: key takeaways
News & insights

Hong Kong Budget 2020-21: key takeaways

26 February 2020

Hong Kong Budget 2020-21: key takeaways

Sandpiper has prepared a two-page summary of today’s Hong Kong Budget announcement, given by Paul Chan Mo-po, the Financial Secretary of Hong Kong. He has proposed a number of measures to help the community and local enterprises ride out the current challenging environment. A key highlight is a HK$10,000 cash handout for all permanent residents over the age of 18. Chan also proposed a lower profit tax for companies, government rents and rates to be reduced, and electricity bills to be subsidised.

The Financial Secretary said he expected the rapid spread of COVID-19 to have dealt a severe blow to economic activities and sentiment in Hong Kong. He forecast that the economy will experience growth between -1.5% to 0.5% in 2020, and the headline inflation rate and underlying inflation rate will ease to 1.7% and 2.5%, respectively. In our summary, we’ve included additional takeaways that are relevant to the financial services, asset and wealth management, professional services, healthcare and technology sectors.

The full budget details can be found at https://lnkd.in/fXMRGE8

You may also like:

Singapore’s Budget 2020 – welcomed by its citizens
Business Times – views from the top
Are overseas firms ready to take advantage of the opening up of China’s financial markets?
Sandpiper - Lets chat
Share

BEIJING
Suite 1105, Full Tower,
No. 9 Middle East 3rd Ring Road,
Chaoyang District, Beijing, PRC

北京市朝阳区东三环中路9号
富尔大厦1105室

+ 86 10 8591 0056
beijing@sandpipercomms.com

HONG KONG
21/F, The Workst@tion,
43 Lyndhurst Terrace, Central,
Hong Kong

香港中環擺花街43號
The Workst@tion 21樓

+852 3114 6339
hongkong@sandpipercomms.com

NEW ZEALAND
The Hive 2/200,
Market Street North, Hawkes Bay,
New Zealand

+64 21084 40939
newzealand@sandpipercomms.com

SHANGHAI
No 1229 Century Avenue, 6/F, Tower 1.
Century Metropolis.
Pudong New District. Shanghai. 200122

世纪大道1229号, 世纪大都会6层,
浦东新区, 上海市, 上海市, 200122

+86 15507577095
shanghai@sandpipercomms.com

SINGAPORE
#21-02, Prudential Tower, 30 Cecil Street,
Raffles Place, Singapore, 049712

+65 6592 2883
singapore@sandpipercomms.com

SYDNEY
Gateway Tower,
36/1 Macquarie Place, Sydney
NSW 2000, Australia

+612 9098 4321
sydney@sandpipercomms.com

OUR AFFILIATE NETWORK
Bangkok
Berlin
Brusels
Dubai
Frankfurt
Hanoi
Ho Chi Minh City
Jakarta
Kuala Lumpur
London
Manila
Mumbai
New York
Paris
San Francisco
Seoul
Taipei
Tokyo
Yangon
Zurich
logo

OUR AFFILIATE NETWORK
Bangkok Berlin Brussels Dubai Frankfurt Hanoi Ho Chi Minh City Jakarta Kuala Lumpur London  
Manila Mumbai New York Paris San Francisco Seoul Taipei Tokyo Yangon Zurich

Copyright © Sandpiper Terms of Use Privacy Policy