Cash Handouts As Early As April Next Year: FS

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

Related News Programmes

"); });

2018-04-21 HKT 17:20

Share this story

facebook

  • Financial Secretary Paul Chan says  applications for the handouts will begin in February. Photo: RTHK

    Financial Secretary Paul Chan says applications for the handouts will begin in February. Photo: RTHK

The Financial Secretary Paul Chan said on Saturday the first batch of residents eligible for the government's cash handouts of up to HK$4,000 can receive the money as early as April 2019.

The government announced last month that adults who were completely left out of the relief packages in the budget will be eligible to receive the full payment, but even those who benefited can apply for a top-up payment.

Chan said applications for the handouts would start in February next year. He described the administrative cost of HK$300 million as reasonable.

RECENT NEWS

Binance Pay And TBCASoft Enable QR Payments Across Merchant Networks In Japan

Binance Pay has partnered with TBCASoft to enable QR code payments through the HIVEX Network, starting with a planned r... Read more

OSL Launches AgentPay For AI Agent Stablecoin Payments

OSL Group has launched AgentPay, a stablecoin payment infrastructure designed to enable AI agents to execute autonomous... Read more

The Biggest AI Governance Gap In APAC Lies In Proof And Traceability

AI has outgrown the role of an assistant, now moving money, approving transactions, and carrying out multi-step tasks w... Read more

HSBC Sells Tokyo HQ As It Prepares For 2029 Relocation

HSBC has sold its Tokyo headquarters building to a unit of Mitsubishi HC Capital, according to Bloomberg. The sale come... Read more

Why Multi-Currency Cards Need More Than Card Issuing

Tap a multi-currency card in Tokyo, and the payment looks no different from any other card transaction. Behind the tap,... Read more

China CITIC Bank Names Wang Junwei As CEO

China CITIC Bank International (CNCBI) has appointed Wang Junwei as its Executive Director and Chief Executive Officer,... Read more