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Retail Sector Subsidy Scheme – HKSAR

Government announces launch of Retail Sector Subsidy Scheme under Anti-epidemic Fund
To provide relief to retailers to help tide them over their financial difficulties during this challenging time, the Government will launch the Retail Sector Subsidy Scheme (the Scheme) under the Anti-epidemic Fund (the Fund) on March 23 (Monday).
A sum of $5.6 billion is earmarked under the Fund for the Scheme which is expected to benefit some 70 000 retailers. Each eligible retail store will receive a one-off subsidy of $80,000. The first tranche of payment will be made within April.
The Scheme covers shops that sell tangible goods to the public for personal or household consumption or utilisation. No processing or transformation of the goods should be involved in the resale process. This definition has all along been adopted by the Census and Statistics Department for the purpose of its regular economic and vacancies surveys for the retail sector and corresponds with the relevant international classification.

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