The Hong Kong government introduced the Consumption Voucher Scheme hoping to boost consumer demand, and to save its economy, which has been shaken by the Chinese Communist Party’s zero-Covid policy that Hong Kong followed.
Financial Secretary Paul Chan Mo-po announced Phase II of the scheme on June 13. Hong Kong permanent residents aged 18 or above and non-permanent residents living in Hong Kong for work or study are eligible to receive $10,000 or $5,000 worth of vouchers, in installments, respectively.
However, people who have permanently departed Hong Kong or have the intention to leave, are not eligible for the scheme. Some commentators say that the government singling out this group of people will not help retain talent, and others think that this announcement will create social conflicts….
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