Category Archives: Funds

Subsidy Scheme for Employment Agencies with valid licence The novel coronavirus epidemic has brought exceptional challenges to Hong Kong. The Hong Kong Government has responded to the needs of the Employment Agencies in an unprecedented manner. Hence, the Labour Department launched the Subsidy Scheme for Employment Agencies under the 6th Round of Anti-epidemic Fund One-off …

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Hong Kong’s finance chief on 22th February, 2022 unveiled a costly HK$170 billion ($21.79 billion) budget. Including tax breaks and consumer spending vouchers, as the city reels under its worst coronavirus outbreak to date. The budget will direct more resources to relieve people’s hardship and provide SMEs with some breathing space so as to stabilize …

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Hong Kong Government announced to launch a new tranche of Employment Support Scheme (ESS). Due to the 5th wave of COVID attacked hardly on the economy, the government budgets $26-$31 billion wage subsidy to safeguard local jobs. What is the objective of ESS? The Employment Support Scheme aims to speed up the economy recovery and …

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The Government is seeking the Legislative Council Finance Committee’s approve for injecting $27 billion into the 6th Anti-Epidemic Fund (AFE). The committee will discuss the funding proposal on 15th February, 2022. Reasons for the proposal of the 6th round of the AEF The Government fully understands the impact the pandemic and tightening of social distancing …

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Hong Kong Government announced measures for the 5th round of the Anti-epidemic Fund. And committing a total funding of about $3,570 million. Reasons for the 5th Round Measures In view of the development of the epidemic situation, the Government tightened social distancing measures with effect from 7th January. In short, the decisive tightening of measures …

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What is the Reimbursement of Maternity Leave Pay (RMLP) Scheme? The Employment (Amendment) Ordinance 2020 (“Amendment Ordinance”) took effect on 11 December 2020. The Amendment Ordinance increases the maternity leave (“ML”) under the Employment Ordinance (“EO”) (Cap. 57) from 10 weeks to 14 weeks.  Other then the first 10 weeks maternity leave pay (“MLP”), the …

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Budget 2021-2022 announced to provide rates waiver for both domestic property and non-domestic property. Each domestic property for all 4 quarters of 2021-22. Subject to a ceiling of HKD 1,500 per quarter in the first 2 quarters and HKD 1,000 per quarter in remaining 2 quarter. While each non-domestic property, subject to a ceiling of …

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Over the past year, Hong Kong have experienced a very different life. The epidemic has aggravated the economic recession. Hong Kong’s Finance Secretary Paul Chan, has unveiled the 2021-2022 budget on 25th February at the Legislature. The budget focuses on stabilising the economy as well as relieving people’s burden. Moreover, Chan claimed the budget blueprint …

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The Government sets aside HK$50 million for Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) to help the retail industry in Hong Kong. Following this scheme to adopt relevant information and communications technology and other technologies that help manage retail manpower demand. Objective ReTAAS is to provide funding support for retail enterprises. Assist …

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