e-consumption vouchers
Hong Kong to disburse remaining vouchers in July
This will inject $13b of purchasing power into the market.
Hong Kong to disburse remaining vouchers in July
This will inject $13b of purchasing power into the market.
Gov’t to distribute first round of $3,000 vouchers in April
The remaining $2,000 will be given in July.
Border reopening boosts retail sentiment: CBRE
Asking rents in tourist hotspots have increased since January.
810,000 more Hong Kongers get first $2,000 e-vouchers
In total, the government has disbursed the first vouchers to about 6.3 million individuals.
Retail sales growth slows down in July
Sales rose 2.9% during the month, a drop compared to 5.8% in June.
Vouchers to spur private consumption growth, improve employment: FS Chan
The effects of the consumer vouchers will be seen this month.
E-voucher registration closes on 14 August
The scheme grants $5,000 worth of vouchers for use in retail, F&B establishments, and transport amongst others.
Hong Kong’s recovery likely to remain moderate, gradual in H2
The strict COVID-19 measures are expected to dampen the city’s economic growth.
Retail sales up 5.8% in June but below expectations
This was likely driven by continuing social distancing measures.
4 in 5 will likely top up their $5,000 vouchers
The majority of whom will likely use their credit cards to top up.
How Hong Kongers plan to spend their $5,000 vouchers?
A survey found most respondents will spend It on groceries.
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Commentary
Ginza-style commercial building in neighbourhood areas attracts local consumption