Hong Kong fourth wave: legislature passes HK$6.4 billion subsidy package for coronavirus-hit industries

Hong Kong’s Legislative Council has passed HK$6.4 billion (US$826 million) in financial aid for businesses hard hit by the Covid-19 pandemic, with a single lawmaker voting against the scheme.At a special meeting of the Finance Committee held on Monday, 32 lawmakers backed the measure, while Civic Passion legislator Cheng Chung-tai opposed it, and three lawmakers of the pro-establishment Federation of Trade Unions (FTU) abstained from voting.The subsidy programme will mainly help companies…

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