Some scholars said that the government distributed electronic consumer coupons to the public last year, which helped promote consumption and electronic payment, but he believed that if the government distributed more money to the public, it would be better to send cash. Some merchants said that consumer coupons once increased business by regarding 20 to 30%, and they supported the government to distribute consumer coupons.
Xu Jiajian, an associate professor at the Department of Economics at Clinson University in the United States, said on this program “Millennium Times” that for ordinary people, if you send cash, you can use the money at any time when you have it. No other considerations, it feels better. And if we want to promote electronic payment, it is believed that the effect of sending electronic consumer coupons is not very big. When asked if it would be better to distribute money following the epidemic, he believes that the government will announce the implementation as soon as possible, and when it is actually implemented, the time will be right.
Chen Kam-wing, chairman of the Federation of Hong Kong, Kowloon and New Territories Traders Associations, said in the same program that following people get consumer coupons, shopping is more “relaxed”, such as seafood that is more expensive, and the sales are better. The public will definitely spend it, but if cash is distributed, some people will save it, and some may even spend it on gambling.
Chen Kam-wing also said that according to the figures provided to them by the FEHD, only regarding 40% of street stall vendors have installed electronic toll collection machines, but some older vendors are more reluctant to use the technology.
