Hong Kong to consult on continuing baby bonus, John Lee says

Chief Executive John Lee Ka-chiu said the government will seek public input before deciding on the future of childbirth incentives including the HK$20,000 newborn bonus that expires in October.

The bonus was introduced in 2023 as part of a broader shift toward actively encouraging childbirth. More than 65,000 babies have benefited so far, with over HK$1.3 billion paid out.

Lee told the South China Morning Post that officials would consult widely and collect public wisdom on whether to extend the measures. The policy package also covers higher tax allowances and expanded childcare services.

The comments come as the current incentive programme is set to end in October.

Mga Kaugnay na Artikulo

Hong Kong leader John Lee Ka-chiu has pledged to expand a government after-school care scheme to benefit more children from low-income families, following positive feedback from participants. Social workers and educators have welcomed the initiative, calling for wider coverage and school subsidies.

Iniulat ng AI

Chief Executive John Lee Ka-chiu announced plans to expand a proposed university town to 1,000 hectares. The move follows endorsement from Beijing official Xia Baolong during a recent visit.

Hong Kong financial secretary Paul Chan Mo-po said authorities are expected to roll out measures next month to strengthen the city's role as an offshore yuan hub and increase the number of listed firms trading stocks in renminbi.

Iniulat ng AI

Hong Kong has gazetted a tax reform bill exempting private equity and venture capital funds from tax on performance-linked income. The bill is scheduled for lawmakers to read on June 24 and aims to attract talent to strengthen the city's role as a wealth hub.

 

 

 

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