Fernando Cheung Worried About Handout Red Tape
"); jQuery("#212 h3").html("

"); });
2018-03-26 HKT 11:45
Labour Party lawmaker Fernando Cheung said on Monday that he believes it will be difficult for officials to come up with a simple application process for people to get their hands on the HK$4,000 cash payments announced by the government last week.
Chief Secretary Matthew Cheung pledged yesterday to adopt straightforward application procedures, saying the public will only have to prepare a small amount of documents in order to apply for the money.
But Cheung said the complex eligibility criteria will no doubt lead to a lot of red tape.
“I think it is rather complicated given that they would look at whether you have been returned HK$4,000 in rates, or in salaries tax, or in other benefits. And they would give you the difference between the amount and HK$4,000. So it involves a lot of calculations”, he said.
The government has said some 2.8 million people will be able to receive the handout if they do not directly benefit from this year’s budget. Finance Secretary Paul Chan said the administration will aim to start taking applications before next February.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more


