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Hong Kong Budget 2018-2019
Hong KongPolitics

Paul Chan’s cash handout plan praised for ‘bravery’ but he still fails to win some hearts

The finance chief’s move to give up to HK$4,000 to 2.8 million Hongkongers is cheered by the pro-establishment camp, but others say it’s not enough for the needy

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Finance chief Paul Chan (left) and Welfare chief Law Chi-kwong, at the announcement of cash handouts for 2.8 million Hongkongers. Photo: Sam Tsang
Sum Lok-kei
By giving cash of up to HK$4,000 (US$510) to 2.8 million Hongkongers, Financial Secretary Paul Chan Mo-po secured smooth passage for his budget in the Legislative Council, even though he failed to win the hearts of the pro-democracy camp.

Pro-establishment lawmakers, who are in the majority at Legco, praised Chan’s announcement that he would share the city’s HK$138 billion surplus with 2.8 million more people, with most political parties pledging to support the bill.

2.8 million Hongkongers to get cash handout of up to HK$4,000 each, in ‘targeted’ scheme to share massive budget surplus

New People’s Party chairwoman, Regina Ip Lau Suk-yee, who had called for cash handouts of HK$3,000, said: “Chan came up short in sharing the benefits of economic growth, and we are very glad that he has redressed the problem.

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“We will support the passing of his budget,” said Ip, who is also a member of Chief Executive Carrie Lam Cheng Yuet-ngor’s cabinet.

Starry Lee Wai-king, who chairs the Democratic Alliance for the Betterment and Progress of Hong Kong, said Chan showed “bravery” and that her party – the largest pro-establishment one in Legco with 13 seats – would also approve the budget.

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DAB chair Starry Lee lauded Chan’s“bravery” in giving cash handouts. Photo: Edward Wong
DAB chair Starry Lee lauded Chan’s“bravery” in giving cash handouts. Photo: Edward Wong
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