Govt Urged To Streamline Cash Handout Procedures

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

Related News Programmes

"); });

2019-01-21 HKT 16:09

Share this story

facebook

  • Lawmaker Au Nok-hin says the paperwork needed to obtain handouts promised by the government is too difficult. Photo: RTHK

    Lawmaker Au Nok-hin says the paperwork needed to obtain handouts promised by the government is too difficult. Photo: RTHK

Lawmaker Au Nok-hin has called on the government to streamline the application procedures for cash handouts announced by financial secretary last year.

Under the Caring and Sharing Scheme, those who did not benefit from Financial Secretary Paul Chan's HK$52.4 billion relief package in the last budget will be eligible to receive HK$4,000. The government expects around 2.8 million people to benefit.

Application forms for this handout were made available from Monday and the government will accept applications from February 1.

But Au said the procedures involved are too complicated and some may find it difficult to supply all the papers demanded.

He said that some retirees may not even have a bank account to obtain the funds.

Au also said the complicated calculations required may lead to people mistakenly filing incorrect claims, putting them at risk of facing criminal proceedings.

RECENT NEWS

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more

How Gaming Giants Are Redefining The Experience Of Paying

Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more