Hong Kong’s labour minister has dropped the biggest hint yet that authorities intend to scrap a proposal to raise the tax deduction amount for employers’ voluntary pension contributions to older workers, a plan for encouraging greater workforce participation. Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday that a government working group on…
Hong Kong businesses, social groups, a major bank and a think tank have jointly set up a platform to devise initiatives to make the city more elderly-friendly through the nurturing of a “silver economy”. The Alliance of Silver Economy Development was launched on Tuesday, with the goal of encouraging collaboration between companies and social organisations….
Hong Kong’s Deputy Chief Secretary Warner Cheuk Wing-hing has announced dozens of measures to promote the “silver economy” and address the needs of the city’s ageing population. These cover five main areas: boosting consumption, developing tailor-made products, promoting quality assurance of “silver” products, strengthening financial and insurance protection, and encouraging older residents to re-enter the…
Elderly Hongkongers are expected to spend 5 per cent more annually over the next three years under wide-ranging “silver economy” measures to spur consumption, a senior official has said when asked about a lack of targets for the policy. Deputy Chief Secretary Warner Cheuk Wing-hing, who is leading a new task force dedicated to tapping…
Three Hong Kong insurance firms unveiled policies this week aimed at helping Hongkongers access medical services across the Greater Bay Area, as companies recognise fresh opportunities in serving the city’s growing “silver” population amid the government’s push for greater integration across the region. BOC Group Life Assurance, FWD Group and Prudential Hong Kong unveiled their…
Hongkonger Shirley Chang, 82, plays pickleball regularly, takes a weekly class to learn Chinese ink painting and teaches her friends how to play bridge. The former businesswoman, who lives with a domestic helper in the Mid-Levels, said she was enjoying her retirement years by staying healthy, maintaining an active lifestyle and searching for new experiences….
Hong Kong authorities can only apply a new pricing model for the HK$2 (25 US cent) transport fare scheme by September of next year because they need time to organise updates, checks and tests covering 17,000 Octopus card readers on vehicles and ferries, the welfare chief has said. Secretary for Labour and Welfare Chris Sun…
BEIJING, Dec. 22, 2024 /PRNewswire/ — A news report from China.org.cn on China’s annual Central Economic Work Conference: From China’s annual Central Economic Work Conference held last week, one can see clear targets and detect the continuity in the rationale behind the country’s economic roadmap for 2025. The tasks listed at the conference are in line…
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The chief executive’s policy address gave us long-awaited good news that multiple-entry visas for Shenzhen residents might be resumed soon. Currently, Hongkongers can visit the mainland freely while our compatriots in Shenzhen have to apply for permission to come to Hong Kong, with the number of visits capped at once a week. Understandably, the limit…