Hong Kong’s new cash incentives of up to HK$45,000 (US$5,740) to encourage welfare recipients to take up jobs are expected to benefit many single-parent families, lawmakers have said, while urging more flexible eligibility rules and stronger employment support. Legislators made the remarks on Tuesday as the government unveiled a three-year pilot scheme, funded by the…
Hong Kong lawmaker Duncan Chiu owns 54 properties at home and overseas, more than any of the other 89 lawmakers, a review of their declaration of interests shows. But Chiu indicated that he is considering selling his properties in the West, citing geopolitical risks and his limited time for managing them. Chiu, the son of…
A proposal to tighten regulations over Hong Kong’s notorious loan sharks is too narrowly focused and will not tackle the root problem of unruly debt collectors, according to lawmakers and legal experts. The legislators and specialists criticised the Financial Services and the Treasury Bureau’s plan to set a cap on borrowing activity for low-income earners…