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From: Jackal (Rep: 800)Date: 02/26/2020 03:50
Forum: Wall Street Pit - Msg #2818203Thread #674125524 (Rec: 0)
Chen Maobo announces budget at 11 am
The budget for 2020/21 was released today (26th). Under the double blow of the amendments and the new crown pneumonia epidemic, the government has stepped up efforts to send sugar to the people to rescue the people, involving 120 billion Hong Kong dollars, and wants to intimidate all kinds of people How many discounts are there for you? The lazy bag made for you by Scared East Net is clear:

Benefit measures

-10,000 yuan to Hong Kong permanent residents aged 18 or above

-100% reduction in salaries tax and personal income tax, with a maximum refund of 20,000 yuan

-Rate for annual rates is capped at 1500 yuan per quarter per household

-"Double Grain" for recipients of CSSA, fruit grant, elderly living allowance and disability allowance

-Pay 1 month's rent for lower income tenants of the Housing Authority and the Housing Society's public rental units

-Payment of examination fees to candidates for the secondary school diploma examinations in 2021

SMEs benefit

-100% reduction in profits tax and a maximum refund of 20,000 yuan

-100% guaranteed preferential low-interest loans guaranteed by the government, up to 2 million yuan, with a repayment period of up to 3 years

-Remission of rates for non-residential properties, with a ceiling of RMB 5,000 per household per quarter for the first two quarters and a ceiling of RMB 1,500 per household per quarter for the next two quarters

-Waiver of business registration fees for 2020/21

-Fully waive the company's annual return registration fee for 2 years

-Subsidy for non-residential power users for an additional 4 months of 75% monthly electricity bills, with a monthly cap of 5,000 yuan

-Reduction and exemption of 75% of water and sewage charges payable by non-residential users for an additional 4 months, with monthly caps of 20,000 yuan and 125,000 yuan respectively

-6-month rental subsidy for local recycling companies

-Relief of 50% rent or fee for eligible tenants of government property, land and environmental parks for an additional 6 months

-Relief of eligible holders of a short-term lease clause waiver for an additional 50% for 6 months

-Renters of LCSD ’s recreation centre facilities will receive an additional 50% rent reduction for 6 months

-Reduction and exemption of fees and rents for cruise companies and existing terminal merchants for an additional 6 months

Medical measures

-An additional $ 3 billion in recurrent funding to the Hospital Authority and an additional $ 600 million to increase manpower and enhance services

-Reserve recurrent expenditure of 650 million yuan, and set up residential health centres in other six districts in the next two years

-Hong Kong Annuity Plan's minimum age of insurance reduced from 65 to 60

-An additional 75 million yuan will be allocated to subsidize elderly care units to provide soft meals for the elderly who have difficulty swallowing

-Introduced a fixed-rate mortgage loan with a ceiling of 10 million yuan, with annual interest rates of 2.75%, 2.85% and 2.95% for 10, 15 and 20 years, respectively.

Other measures

-Additional funding of over 700 million yuan to the HKTB to strengthen external promotion after the epidemic and revitalize the tourism industry

-Allocate an additional $ 150 million to HKTDC to organize a number of events to promote Hong Kong

-Launched a $ 2 billion pilot scheme to subsidize parking in eligible private residential buildings to facilitate car owners to install chargers

-Reserve 6.5 billion yuan to promote multiple waterfront developments

-Additional allocation of 30 million yuan to optimize the employment plan of the Labour Department

-Inject 2 billion yuan into the Innovation and Technology Fund to implement the "Re-industrialization Funding Scheme"

-An additional 2 billion yuan was allocated to the Science and Technology Park Company for the reconstruction of the old factory building of the Yuen Long Industrial Village as a "Microelectronics Center"; 3 billion yuan was reserved to explore the second-stage expansion plan of the Science Park

on.cc Eastnet

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陳茂波:特惠低息貸款如一般貸款審批 銀行會盡職調查
香港電台-港聞 · 1,087人追蹤
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預算案提出會透過「中小企融資擔保計劃」,由政府為企業做百分百擔保的特惠低息貸款。財政司司長陳茂波被問到,會否擔心面臨結業的企業借貸後只用作支付遣散費,如何確保借貸人妥善運用款項。陳茂波回應說,按證公司會請銀行幫忙推行計劃,有如一般貸款的審批,銀行會盡職調查,申請人亦要簽個人擔保。

陳茂波說,推行此計劃的原因,是有些企業在艱難環境下,要有資金周轉才能維持下去,當局希望幫助他們,從而可以保就業。

另外,有關政府財政何時回復收支平衡,陳茂波說中期測算至2024至25年綜合帳赤字約為70多億元,已大致是平衡,如經濟增長更快,甚至調整稅率,可能更早達至收支平衡。

他又說,經合組織因應國際社會以稅務政策作競爭手段,正研究訂立全球最低稅率規則,這對一直奉行簡單低稅制、按收入地域來源收稅的香港有所衝擊,會準備請稅務專家、學者及商界人士組成小組一起研究如何應對。

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The Budget proposes to introduce fixed-rate mortgage loans. The Financial Secretary, Chen Maobo said that the current interest rate level is low. If a 10-year fixed-rate mortgage loan is now carried out, the recommended 2.75-year interest rate is a little higher than the current one. I believe that the current proposal to lock in the annual interest rate is to provide the public with an additional option for easy planning. The HKMA will announce the details and discuss with the bank.

Asked why he did not propose unemployment assistance in the budget, Chen Maobo said that the Labor and Welfare Bureau had stated earlier that it would adjust its approach to the 30 billion yuan "epidemic and anti-epidemic fund" approved earlier to subsidize low-income families.

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