Salary Donation Aims To Help HK

The governing team donating one month's salary to charity aims to help Hong Kong citizens going through hardships during the COVID-19 epidemic.

 

Financial Secretary Paul Chan made the remarks to the media after attending a radio programme today.

 

"In considering the way to let our people know that we are willing to ride out this difficult period with them through a reduction in our salary, there are many different ways of doing it. Reducing our monthly salary is one way; making a donation to a charitable organisation is another.

 

"We chose the latter one because we thought that by donating the salary to a charitable organisation, we would be able to help - although in a very small way - those citizens who are suffering hardship."

 

Mr Chan said the governing team chose the Community Chest because it is a neutral organisation.

 

"Also, the Secretary for Labour & Welfare has liaised with the Community Chest to ask them to arrange for the whole amount of donation to be distributed to those (worthy) organisations without any deductions," he added.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more