8m ago 04:16
The Hong Kong government has formally announced the relief package that SCMP reported earlier, including theHKD $10,000 for each permanent resident over the age of 18.
Finance chief Paul Chan confirmed the “exceptional measure” was in light of current circumstances (months of unrest plus the coronavirus) and said it would not create long term financial burden. He said he made the decision “with a view to encouraging and boosting local consumption on the one hand, and relieving people’s financial burden on the other”.
It will cost about HKD$71bn in total, he said, and is expected to benefit seven million people.
