Hong Kong: Hong Kong Economic Stimulus Funds to Fill Restaurants and Trade Shows
The Hong Kong government has established a USD3.8 billion anti-epidemic fund to combat the novel coronavirus (COVID-19) epidemic. The fund covers two major areas: enhancement of the government’s ability to combat the virus and the provision of monetary assistance to individuals and enterprises suffering from COVID-19 containment measures. The timely anti-epidemic relief fund will provide subsidies to various sectors, including the conference and exhibition sector and the catering sector. U.S. companies who exhibit at major trade shows in Hong Kong will enjoy reduced participation fees in the coming year through the anti-epidemic fund’s subsidy to the exhibition and conference sector. The relief fund may also help strong restaurants and hotels survive the prevailing economic storm and prepare them to catch the boom in domestic demand expected as soon as fears of the epidemic subside.