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Written by: Huang Weilun and Zheng Qiuling
2020-02-26 12:46
Last updated: 2020-02-26 15:17The government announced the "Budget" and announced that Hong Kong permanent residents over the age of 18 will be allocated 10,000 yuan each, expected to involve 71 billion yuan. Government sources revealed that Hong Kong permanent residents who have reached the age of 18 on March 31, 2021 will be eligible to apply, and the tentative deadline for registration is December 31, 2021. In addition to providing physical forms, the government will work with banks to encourage citizens to register through the online financial management system. They can choose to directly enter bank accounts or collect checks. I hope that measures will be introduced before August this year.
The Financial Secretary, Chen Maobo, stated that the goal is to start the distribution of 10,000 yuan in the summer vacation.
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Government sources said that eligible persons are Hong Kong permanent residents who have reached the age of 18 as of March 31, 2021, including those who have been certified by the Immigration Department as eligible to become Hong Kong permanent residents as of that date. It will take time, and the tentative date for registration and application for 10,000 yuan is December 31 next year. The source pointed out that the distribution committee is based on the principle of simplicity and convenience. Currently, two registration forms are considered. In addition to providing physical forms to be distributed at district civil affairs offices, post offices, and banks; they will also cooperate with banks to encourage citizens to register through the online financial management system. You can choose to pay directly to your bank account or receive a check. In addition, with reference to the experience of distributing 6,000 yuan in 2011, it was officially launched in August about half a year after it was announced in March of that year. This time, we hope to accelerate the introduction of measures by August.
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However, the details of the actual distribution schedule, how to split the distribution, and how long it will take to get it after registration, etc., government sources said that there is no specific arrangement, but the distribution is based on age, and priority is given to the elderly. The authorities will soon Within two days, the decision should be made as soon as possible after consultation with the bank, including the need to consult the Department of Justice, such as the process of directly confirming customer information by the bank and verifying the identity by the Immigration Department, whether it involves legal risks and privacy issues. It is understood that the authorities will discuss with the HKMA and do not rule out the inclusion of virtual banks in the issuance platform.
For those who cannot provide bank accounts and addresses, the authorities consider arranging postal services, which can be registered at post offices and used as self-check check stations. In terms of immigrants from overseas Hong Kong people, the source said that it is impossible to know whether a person holding a Hong Kong permanent identity card has immigrated, so it will not be removed, as long as a local bank account can be provided for registration.
Seven million people are eligible this time, more than the 6.1 million people in 2011. However, the source said that there will not be a “late claim bonus” as in 2011. Only about two adults chose to delay the collection in order to receive an additional 200 yuan. The bonus is considered by the authorities to have little effect on the diversion, and the goal this time is for the citizens to receive it as soon as possible.
Regarding the "window" at the end of the year, considering the credit rating and fiscal deficit issues, no money will be distributed. In recent months, there have been news of different amounts of money. The source said that the purpose of sending 6000 yuan in 2011 was to "return wealth to the people." Under the fiscal deficit, in order to alleviate the heavy atmosphere of last year ’s social events and the impact of the epidemic, I hope to stimulate consumption and deny it is “make up”. I will consider setting the level of money distribution this time as a one-time special measure. I believe it will not affect Credit ratings, along with other one-off relief measures, are expected to boost the economy by 3%. But stressing that sending money will not be a routine measure.
The source pointed out that the 10,000 yuan distribution this time is definitely higher than the 4,000 yuan distribution last time, because the eligibility conditions are simple and do not need to be screened by a large number of people. In addition, refer to the 6,000 yuan distributed by the whole people in 2011. The bank charges 15 yuan for each application form There is no handling fee for online services. According to the data, the number of users of bank electronic services in recent years has increased by 70% compared to 2011. It is expected that the administrative fee derived this time will be 1% of the total amount of money distributed. The government will set up a special team to follow up the money distribution measures, which involves the Treasury Department responsible for implementation, and the Immigration Department for identity verification.
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