Hong Kong General Chamber of Commerce chairwoman Agnes Chan said tax concessions could be offered to enterprises in a bid to boost the city’s headquarters economy.

Speaking in a Cable TV interview on Saturday ahead of the Policy Address on Wednesday, she said companies should be required to fulfil certain conditions to enjoy tax reductions, which could be up to 50 percent.

“For example, the enterprises could be required to fulfil a requirement on the number of local employees and an expenditure threshold before they can enjoy the concession,” she said.

“We also suggest the government should prioritise offering concessions to companies that had previously left Hong Kong and are now returning to the city, especially those in the shipping industry.”

Chan said rental discounts could also be given to retail and catering sectors so that businesses could invest more on creative services and products for customers.

She added that the SAR should work on long-term financial plans instead of distributing another round of consumption vouchers.

“I think under the current financial situation in Hong Kong, it is not appropriate for us to distribute consumption vouchers again. It is not a long-term solution to enhance the consumer sentiment,” she said.

Chan said the government could host more international events in the city to attract tourists.