Hong Kong Unveils $500 Million More in Stimulus to Help Businesses
A barricaded road in the Tsim Sha Tsui district of Hong Kong.
Photographer: Kyle Lam/BloombergThis article is for subscribers only.
The Hong Kong government announced further stimulus measures worth around HK$4 billion ($511 million) Wednesday, aiming to shore up businesses suffering from almost six months of political unrest.
A list of nine new measures included subsidies for water and sewer bills as well as waivers on property tax rates for businesses. Individuals and companies also may apply to pay profits and salaries tax in installments, Financial Secretary Paul Chan said at a news conference Wednesday alongside other members of the administration.