Source: Hong Kong Government special administrative region
Following is a question by the Hon Sunny Tan and a written reply by the Secretary for Commerce and Economic Development, Mr Algernon Yau, in the Legislative Council today (January 28):
Question:
In April last year, the Hong Kong Export Credit Insurance Corporation introduced three enhanced measures (which included (i) extending the free pre-shipment cover for holders of the Small Business Policy (SBP) which is tailor-made for small and medium enterprises until June 30, 2026; (ii) offering a 50 per cent discount on pre-shipment risks to cover premiums for non-SBP holders; and (iii) reducing the premium rates for new markets) to support the export trade in Hong Kong and help enterprises in expediting expansion into new markets. In this connection, will the Government inform this Council:
(1) whether it has assessed the effectiveness of the above three enhanced measures since their implementation (including the number of Hong Kong enterprises that have benefited); given that the validity period of support measure mentioned in (i) above expires on June 30 this year, whether the authorities will appropriately optimise and extend the implementation period of these support measures in light of the current global economic uncertainty; if so, of the details; if not, the reasons for that;
President,