Hong Kong’s economy heavily relies on the financial industry, the local economy is less stable and less capable in building resilience. We support the Government’s proposal for promoting the development of innovation & technology and re-industrialisation, as we believe it helps improving Hong Kong’s economic development, building foundation for the advanced manufacturing industry, as well as assisting innovations.
The business sector is now facing immense difficulties while unemployment rate soars, the economic outlook of Hong Kong seems gloomy. As a large proportion of SMEs plan to have their pay frozen in the coming year, we are suggesting to keep the Statutory Minimum Wage (SMW) rate and make no amendment at $37.5 per hour. […]