Hong Kong will allow elderly welfare recipients retiring in Guangdong and Fujian to have cash assistance directly sent to their mainland Chinese bank accounts from July as part of a much-awaited arrangement, the city’s leader has said.
He said the new service would “further facilitate the elderly in receiving their allowances for a more secure retired life”.
Under the arrangement, Hong Kong elderly recipients retiring in Guangdong and Fujian can have their portable cash assistance paid directly into their mainland bank accounts with either of the two banks.
The covered welfare payments include Comprehensive Social Security Assistance (CSSA) under the “Portable CSSA Scheme”, as well as the Old Age Living Allowance and the Old Age Allowance under the Social Security Allowance Scheme’s Guangdong and Fujian measures.
