100,000 Rush For 'caring And Sharing' Handout

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-02-05 HKT 14:34

Share this story

facebook

  • 100,000 rush for 'caring and sharing' handout

The government has already received more than 100,000 applications for a HK$4,000 handout under its so-called "caring and sharing" cash handout scheme, Chief Secretary Matthew Cheung said on Tuesday.

Speaking at the Lunar New Year Well-wishing Festival in Tai Po Lam Tsuen, Mr Cheung reminded people that they had until late April to complete the forms, so there was no need to rush.

Financial Secretary Paul Chan introduced the handout in his budget last year as a way to support people who did not qualify for other budget sweeteners, such as tax rebates, property rates waivers or extra welfare payments.

The rollout of the scheme had faced problems, including government offices running out of application forms as people rushed to apply.

RECENT NEWS

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more