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As the novel coronavirus epidemic continues to spread across the region, with Hong Kong's tourism, retail and catering sectors taking the brunt of the impact, a host of enterprises have applied for tax deferrals involving HK billion in delayed profit tax returns for the SAR government in the next financial year, according to Alfred Chan, tax director at Deloitte China.
As reported by Reuters, as COVID-19 rapidly spread across the United States, demand for TCM among the general population skyrocketed. Some immunity-boosting Chinese herbs, together with TCM granules, were quickly sold out.
As the slowdown is an outcome of policy shift rather than a deterioration of economic fundamentals, there is no need to be overly concerned about it, he said.
As the efforts to curtail the deadly virus have paid off, the province issued an announcement on Wednesday that those businesses could resume operation on the very same day.
As stock market fluctuations may continue for a while, convertible bond market adjustments are inevitable, said Li Yong, an analyst with Northeast Securities Co Ltd.
