We're Not Snubbing University Students: Paul Chan

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

Related News Programmes

"); });

2019-08-17 HKT 10:07

Share this story

facebook

  • We're not snubbing university students: Paul Chan

The Financial Secretary, Paul Chan, on Saturday rejected suggestions that he's discriminating against university students - who have been the mainstay of the anti-extradition bill movement - by not giving them a subsidy under a relief package rolled out earlier this week.

The measures unveiled on Thursday ranged from tax concessions, extra social security payments and housing allowances for local residents to waivers for government fees and relief for small and medium-sized businesses.

Under the package, students in kindergarten, primary and secondary schools will each receive a HK$2,500 subsidy - but not university students.

However, Chan said that in the last two budgets he's unveiled allowances to help university students, who can still apply for grants and loans.

He said the subsidies for students in this week's package are actually intended to help parents.

"The coming economic challenge is daunting," Chan said.

"During difficult economic times, usually middle-class families, grassroots families will suffer financial hardship. Our plan is that by giving students allowances we can, in a way, relieve the financial burden of their parents."

RECENT NEWS

TOPPAN Edge Becomes Japans First Qualified VLEI Issuer

The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more

SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more

Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin

South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more

China Funds Research On Stablecoins And Cross-Border Oversight

China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more

XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership

XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more

Brinc Launches VentureVerse Through Acquisition Of OG Club

Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more