Hong Kong industry chiefs call for new round of wage subsidy scheme to keep businesses alive amid Covid-19 health crisis

Hong Kong’s industry leaders have ramped up their appeal for the government to roll out a fresh emergency round of a multibillion-dollar wage subsidy scheme to help devastated businesses avoid bankruptcies amid the explosive fifth wave of Covid-19.

Various industry leaders have been in talks with the government’s top officials urging them to relaunch its wage subsidy scheme to provide a financial lifeline for employers across sectors to retain employees and to rescue the city’s companies from closures.