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Cash allowance scheme set

(To watch the full press conference with sign language interpretation, click here.)   The Government will launch a three-year Cash Allowance Trial Scheme in late June to alleviate the livelihood difficulties faced by grassroots families who have been waiting for public rental housing for a long time.   At a press conference this afternoon, Permanent Secretary for Transport & Housing (Housing)/Director of Housing Agnes Wong said the cash allowance is not a rent subsidy and the recipients are not required to use it to pay for rent.   “This is purely to relieve their financial pressure while waiting for public rental housing.      “We aim to send out around 90,000 application forms to the eligible applicants by the end of this month. We urge them to complete the form and return it to us as soon as possible.”   The cash allowance amount is determined by the number of people in a public rental housing application who meet all eligibility criteria.   Along with other criteria

Financial advisers board named

The Government today announced the appointments to the Financial Services Development Council's board of directors.   The appointments are for two years from January 17.   The Chief Executive reappointed incumbent chairman Laurence Li and 12 incumbent members, and appointed three new members to the board.   Secretary for Financial Services & the Treasury Christopher Hui said under the chairman's leadership, the council has made great achievements in conducting research, promoting market development and nurturing talent for the betterment of Hong Kong's financial services industry.   Mr Hui said the reappointed members and new appointees are all seasoned practitioners with expertise in the financial services industry, adding that he was confident the board would continue to direct the council in accomplishing its work objectives.   He also thanked outgoing members Mark Dickens and Joe Ngai for their contributions over the past years.   Click here for the board of directors list.
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