'Hand Out Cash To Less Well-off On A Regular Basis'
"); jQuery("#212 h3").html("

"); });
2022-02-13 HKT 14:42
An NGO on Sunday urged the Financial Secretary, Paul Chan, to take on the concept of "common prosperity" extolled by President Xi Jinping and roll out more targeted measures in the upcoming budget, including cash handouts to the unemployed and poor people who don't benefit from public housing or receive welfare.
The government earlier announced offering HK$10,000 to individuals suffering from temporary unemployment as part of the sixth round of anti-epidemic relief fund. The Society for Community Organisation's deputy director, Sze Lai-shan, said there should be a separate subsidy for the underprivileged, as many of them do not qualify for the latest financial assistance.
"Those living under the poverty line, everyone should have $10,000 cash to relieve their problems. And we also request that [the government] 'regularise' the subsidy for those non-CSSA (Comprehensive Social Security Assistance), non-public housing people, [who] are living in cage homes, subdivided flats," she said.
Sze also renewed calls for an unemployment assistance fund, especially when many people have lost their jobs amid the pandemic.
A new migrant to Hong Kong, surnamed Chan, was among those who spoke of their struggles. The 50-year-old woman said she has been unemployed since December last year, and barely surviving on her remaining savings for rent and daily expenses.
Another woman, Keirya, who moved to Hong Kong from Africa a few years ago, said she has to work three days a week and takes care of her family at the same time.
She said she had difficulty applying for financial assistance. "I don't know anything about government support, because everything is in Chinese and I can't read Chinese," she added.
Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028
Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more
SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets
The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more
WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency
WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more
Fusion Bank Completes Core Banking System Migration In 10 Months With Tencent Cloud
Fusion Bank, a licensed digital bank in Hong Kong, has completed its migration to a new core banking system in collabor... Read more
Hong Kong Banks Can Begin Issuing Credit Cards In Mainland China From March 1
Hong Kong banks’ mainland credit cards will soon be available in mainland China, marking a significant step towards d... Read more
SFC Introduces ASPIRe Roadmap To Strengthen Virtual Asset Market In Hong Kong
The Securities and Futures Commission (SFC) outlined 12 key initiatives under the SFC virtual asset ASPIRe roadmap to e... Read more