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

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more