$10,000 Payout An Appropriate Sum

The Government considers that the $10,000 to be disbursed to residents under the Cash Payout Scheme is an appropriate amount, after having thoroughly examined all the counter-cyclical and mitigation measures and their financial impact on society.

Secretary for Financial Services & the Treasury Christopher Hui made the statement in response to questions from legislator Paul Tse in the Legislative Council today.

The Financial Secretary announced in the 2020-21 Budget that the scheme will disburse $10,000 to each Hong Kong permanent resident aged 18 or above to encourage local consumption and relieve people's financial burden.

The cash disbursement is expected to benefit about seven million people, Mr Hui said, adding that preparation work for the scheme has reached its final stage.

The Government strives to start registration at the end of June and start making payments within July. The majority of eligible citizens will receive payment by the end of August.