FS Wants To Relax Community Care Fund Criteria

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

"); });
2018-03-03 HKT 13:31
The Financial Secretary, Paul Chan, said on Saturday that he wanted to relax the criteria for Community Care Fund subsidies for some of the needy who have not been covered by his budget relief measures. He said the money will come from the HK$138 billion surplus.
In his budget last Wednesday, Chan proposed using the fund to provide short-term relief to low-income households not living in public housing estates or receiving social assistance - a group commonly known as 'N-have-nots'. Chan said the scope of this proposal may be further widened.
"In the last round of the initiatives from the Community Care Fund, the 'N-have-nots' people living in public housing estates were excluded. But in this particular time round, this restriction could be lifted", Chan said.
"We are focusing on those who are working very hard, earning not much, not seeking any subsidies from the government, for example. And another group, say, young retired people living in public housing estates without any social security", he added.
Chan was speaking after attending two radio interviews on Saturday morning. He once again rejected calls for cash handouts, saying he preferred targeted measures.
Airwallex Yield Service Goes Live In Hong Kong
Airwallex has officially launched Airwallex Yield in Hong Kong on 18 June 2025, which it advertises to offer businesses... Read more
Alipay And Rokid Launch AR Glasses Payment Function For In-Store Payments In China
Rokid has launched its latest augmented reality device, Rokid Glasses. In China, the Rokid AR payment glasses support i... Read more
InvestHKs Gulf Cooperation Council Fintech Visit Spurs Strategic Partnerships
Invest Hong Kong (InvestHK) reinforced its role as a global business hub through a strategic visit to the Gulf Cooperat... Read more
Can Crypto Firms Catch Up On Compliance Gaps As Regulations Evolve?
As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Tra... Read more
OneDegree Eyes Global Growth With Middle East, Europe And Africa Next
Hong Kong virtual insurer OneDegree has made significant progress in the Middle East, securing 20 contracts since enter... Read more
IFAST Introduces Bondsupermart Live With Stock-like Trading Experience For Bond Investors
To address structural inefficiencies in bond markets, iFAST introduced Bondsupermart Live, a digital bond trading servi... Read more