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Hong Kong to hand out cash to the permanent citizens

Nabanita Dutta

News Editor

To ease the financial burden, Hong Kong will give cash of $1,200 to about seven million permanent citizens over the age of 18. This year, Hong Kong’s economy is facing enormous challenges and after careful considerations, the ministry has decided to disburse $1,200 to the permanent residents, announced Financial Secretary Paul Chan. Authorities will also lower public housing rent and property taxes to ease the burden further.