Hong Kong announces fresh relief measures of $255 million to boost economy

Hong Kong announces fresh relief measures of $255 million to boost economy

Hong Kong Financial Secretary Paul Chan announced on Tuesday fresh relief measures of HK$2 billion ($255 million) to support the economy as anti-government protests roil the Chinese-ruled city which is bracing for its first recession in a decade.

The move follows a HK$19.1 billion ($2.4 billion) package in August to support the underprivileged and business enterprises as the government grapples with five months of protests that have battered the retail and tourism sectors.

($1 = 7.8427 Hong Kong dollars)