CE Ramps Up Student And Transport Subsidies

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

Related News Programmes

"); });

2019-10-16 HKT 14:04

Share this story

facebook

  • CE ramps up student and transport subsidies

The Chief Executive, Carrie Lam, has offered an array of sweeteners to students and poor families in her policy address.

Lam said she’s aware that the costs associated with children starting a new school year pose a heavy burden on parents, and suggested regularising the one-off provision of a student grant which the Financial Secretary announced in August this year.

From the 2020/2021 academic year onwards, an annual grant of HK$2,500 will be given to all secondary and primary school students, as well as children in kindergarten. The grant is expected to benefit about 900,000 pupils across the city.

The Chief Executive added that her government will give a boost to kindergarten-age children by introducing a 20-month pilot scheme early next year, to provide early intervention for those who show signs of having special needs.

Another 2,500 free places will be provided under an existing after-school care programme, with various subsidies increased and eligibility requirements relaxed. More than 5,700 students and their families are expected to benefit from these measures.

Payments under the existing Working Family Allowance, meanwhile, will be increased by between 16.7 percent and 25 percent, while the child allowance will be increased substantially by 40 percent.

For a four-person household with two eligible children, for instance, beneficiaries will get 30 percent more – with the current HK$3,200 a month going up to HK$4,200.

Meanwhile, maximum payments under the existing Public Transport Fare Subsidy Scheme will be increased from HK$300 to HK$400.

People can claim up to one third of their monthly expenses on public transport – up from a quarter at present.

Lam said this will cost the government around HK$3.1 billion a year – up from the current annual expenditure of around HK$2.3 billion.

RECENT NEWS

Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security

Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more

Hong Kongs Cashless Future Is Closer Than You Think

A recent Worldpay report indicated that the digital wallets Hong Kong has could dominate its payment landscape by 2030.... Read more

HKMA Green Fintech Competition Open For Submissions

The Hong Kong Monetary Authority (HKMA) announced the launch of the 2025 Green Fintech Competition on 9 May 2025. It is... Read more

HSBC Launches Refreshed Hong Kong App With Smarter, Personalised Features

HSBC Hong Kong announced the launch of it refreshed HSBC HK App on 7 May 2025, set to roll out by phases beginning mid-... Read more

Chubb Life Hong Kong Launches Health Up Insurance For The Tech-Savvy

Chubb Life Hong Kong introduced the Health Up Insurance Plan (Health Up) on 7 May 2025. The Chubb Health Up Insurance d... Read more

Ant International Eyes Hong Kong IPO, In Talks With Regulators

Ant Group, a subsidiary of China’s Alibaba Group, is reportedly planning to list its overseas branch, Ant Internation... Read more