ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Hong Kong veers from free market policy with COVID-19 relief

Demands in exchange for wage subsidy raise alarms on corporate autonomy

A ParknShop store inside a mall in Hong Kong: the chain and rival Wellcome have been told by the government to give back to the public.   © Reuters

HONG KONG -- Hong Kong's free market credentials have been called into question after the city government called on two supermarket chains to give back to the public in exchange for coronavirus-related subsidies.

Leading chains ParknShop and Wellcome have been under pressure since Hong Kong's leader, Chief Executive Carrie Lam, urged the companies to offer discounts and cash coupons to customers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more