Hong Kong to send welfare cash to retirees’ mainland Chinese bank accounts from July

Wait 5 sec.

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.Chief Executive John Lee Ka-chiu announced the coming scheme launch in a social media post on Wednesday during a visit to Fujian, where he met elderly Hong Kong residents living in the province at a tea party.He said the new service would “further facilitate the...