Hong Kong Finance Chief Sees Strong Rebound After Current Downturn

The transcript discusses the economic challenges faced by Hong Kong, including the potential for a strong rebound, the effectiveness of cash handouts, and the need for government spending consolidation. It also covers the debate on tax adjustments and new revenue sources, concerns about structural deficits and credit ratings, and the resilience of the property market during epidemics.

What is one of the main reasons given for providing cash handouts to the people of Hong Kong?

• To increase government savings

• To encourage people to spend and support businesses

• To reduce inflation

• To decrease the tax rate

What is a key consideration for the Hong Kong government when looking at new sources of revenue?

• The potential for community debate and acceptance

• The effect on tourism

• The impact on international trade

• The influence on foreign investment

What is a concern raised by economists regarding Hong Kong's financial future?

• The possibility of structural deficits

• The increase in foreign investments

• The growth of the technology sector

• The rise in tourism

How have Hong Kong home prices been affected during the epidemic?

• They have drastically decreased

• They have experienced a mild downward adjustment

• They have remained stable

• They have significantly increased

What is the current status of Hong Kong's credit rating according to the transcript?

• It has been upgraded by some agencies

• It has been upgraded by all agencies

• It remains unchanged

• It has been downgraded by some agencies