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Hong Kong looks for at least USD3B to reduce effect of epidemic
(MENAFN) Hong Kong is in search of at least USD3 billion in assets to add to its market after financial stress from its coronavirus restrictions.
The local administration in the semi-autonomous area of China joined the Finance Committee of its Legislative Council (LegCo) to pursue authorization for its effort to search for USD3.4 billion to curb the pandemic.
This sum will likely uphold around 67,000 companies and 750,000 residents affected by pandemic and social distance tightening restrictions.
The bill is going to be adopted for discussions by the LegCo in its online meeting.
Hong Kong is experiencing a strong wave of the coronavirus epidemic, as it recorded over 2,071 cases.
The local administration in the semi-autonomous area of China joined the Finance Committee of its Legislative Council (LegCo) to pursue authorization for its effort to search for USD3.4 billion to curb the pandemic.
This sum will likely uphold around 67,000 companies and 750,000 residents affected by pandemic and social distance tightening restrictions.
The bill is going to be adopted for discussions by the LegCo in its online meeting.
Hong Kong is experiencing a strong wave of the coronavirus epidemic, as it recorded over 2,071 cases.
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