Pedestrians in front of a closed business in Mong Kok on 22 August 2020. Photo: EPA-EFE
Hong Kong extends payment holidays until April 2021 to give struggling small businesses a lifeline out of worst recession
- The scheme covers small companies with annual turnover of less than HK$800 million (US$103 million)
- There are 130,000 companies qualified under the scheme, and 15,000 of them have applied for the payment holiday break since May
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Hong Kong economy
Pedestrians in front of a closed business in Mong Kok on 22 August 2020. Photo: EPA-EFE