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

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more