HONG KONG: Hong Kong's government pledged HK$4 billion on Wednesday in new relief measures to help bolster an economy battered by months of protests that have eroded business confidence in the Asian financial hub.
"During an economic downturn, supporting employment is the number one priority of the government," Financial Secretary Paul Chan said as he announced the package.Chan described the measures as mainly aimed at helping small and medium-sized businesses, in order to safeguard jobs. He told reporters that the anti-Beijing demonstrations had hurt international investor confidence in the China-ruled city.
Hong Kong recorded its largest-ever retail collapse in October, with sales dropping 24.3 per cent to HK$30.1 billion, the government said Monday.
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