Hong Kong Offers Its Residents Cash Amid Protests, Coronavirus Fears

Hong Kong, facing economic challenges from anti-government protests and the coronavirus, plans to boost its economy with a $15.4 billion stimulus package. This includes cash payments to residents, tax breaks, and business assistance. Financial Secretary Paul Chan emphasized the need to alleviate financial burdens and encourage local consumption.

What is the purpose of the cash payments proposed by the government?

What is the total amount the government plans to pump into the economy?