'Government Keen To Help Needy Get Their Money'

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

Related News Programmes

"); });

2020-05-17 HKT 10:28

Share this story

facebook

  • Chief Secretary Matthew Cheung. File photo: RTHK

    Chief Secretary Matthew Cheung. File photo: RTHK

Chief Secretary Matthew Cheung on Sunday said relief measures the government announced earlier will be implemented in the coming months.

Writing in his blog, he said the Legislative Council's approval of the budget last week means most Hong Kong residents will receive their HK$10,000 cash handout before the end of August.

For non-locals, Cheung said they can apply for the handout through the Poverty Commission from September.

An extra month of social welfare payments will also reach the hands of recipients by the middle of next month at the earliest. Cheung, who's also the chairman of the Poverty Commission, said the government is concerned about the financial pressure faced by low-income families.

He said the government will continue to make good use of its resources to implement a wide range of measures to help the public.

RECENT NEWS

Chinese Regulator Approves Citis Plan For Its Own Securities Firm

Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more

HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned

HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more

Unlimit Joins Hong Kong Governments Strategic Enterprise Partners

Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more

Is Your Crypto Safe If Your Custodian Goes Bankrupt?

No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more

EleBank Opens First Physical Store In Hong Kong

Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more

Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition

Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more