
Hong Kong extends allowance for transitional housing tenants by 2 years
Advertisement
Secretary for Housing Winnie Ho Wing-yin said on social media on Wednesday that the two-year pilot scheme launched in 2023 will be renewed, with the amount of the allowance to be increased by around 10 per cent due to the rising cost of living.
'Given that most of the transitional housing projects will continue to operate in the coming years to serve new tenants as the old ones move into public housing, and 2,700 additional units will be completed this year and next, the pilot scheme will be extended for two years until August 21, 2027 under the support of the Commission on Poverty,' she announced in a social media post.
Launched in 2020, transitional housing is constructed using government subsidies and operated by NGOs for low-income families who have waited for a public flat for at least three years, and for those with urgent needs who fulfil income and asset limits.
Ho said the government received 10,316 household applications for the allowance from August 2023 to July 2025, covering 18,675 residents.
Advertisement
The one-off allowance is meant to alleviate the financial burden of relocation, such as changing schools, furniture, and electrical appliances, faced by transitional housing applicants.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
2 hours ago
- South China Morning Post
EU to curb AI chip flows to China as part of US trade deal
Newly published details of the recent EU-US trade deal show the bloc cleaving closer to Washington on technology, security and commerce, potentially driving a new wedge into Europe's relationship with China. A joint statement released on Thursday confirmed that the European Union will accept tariffs of 15 per cent on 70 per cent of its exports to the US, as agreed in July. It will also consider exempting American goods from some of its sweeping climate laws, even as it moves to lower tariffs on American products, including industrial goods. While China is not mentioned once in a 19-point joint statement released on Thursday – billed by Brussels as a 'framework' towards a more comprehensive trade agreement – veiled references appeared throughout. It said the European Union would buy US$40 billion of AI chips from the US, and that it would 'adopt' US security standards to 'avoid technology leakage to destinations of concern', a euphemistic term often used to refer to China. While the US has rescinded a Biden-era order limiting which EU member states could buy US AI chips, the statement shows that it still expects to control where they ultimately go. 10:31 The Europe-China trade relationship: deficits, disputes and de-risking The Europe-China trade relationship: deficits, disputes and de-risking At a press conference in Brussels, EU trade chief Maros Sefcovic said the bloc had committed to ensuring the semiconductors do not 'fall into the wrong hands'.


South China Morning Post
3 hours ago
- South China Morning Post
Hong Kong customs seizes 278 million cigarettes in tobacco smuggling crackdown
Hong Kong customs seized 278 million illicit cigarettes with an estimated market value of HK$1.25 billion (US$160.3 million) in more than 80 cases in the first half of the year as part of a cross-regional tobacco smuggling crackdown. The Customs and Excise Department said on Thursday that it had strengthened cooperation in the Asia-Pacific region to curb the inflow of illicit cigarettes since November last year. The 278 million contraband cigarettes seized in 84 large-scale cases during the first half were estimated to be worth about HK$1.25 billion, with a duty potential of around HK$920 million, customs added. Around 49 million cigarettes were uncovered in four large-scale cases involving fishing boats under a joint surveillance operation with mainland Chinese authorities targeting maritime tobacco smuggling syndicates earlier this year. Lam Chak-lun, acting deputy head of the customs revenue crimes investigation bureau, said that smugglers had shifted from using traditional cargo ships and speedboats to less conspicuous fishing vessels. Each of these vessels, often disguised with fishing gear and operating among other fishing boats, could carry up to 10 million cigarettes – equivalent to the capacity of a 40-foot container, he said. Between March and July, Hong Kong and Singapore customs also conducted a joint operation that intercepted 107 million illicit cigarettes hidden in 33 shipping containers arriving from the city state in multiple seaborne smuggling cases.


South China Morning Post
3 hours ago
- South China Morning Post
Kuaishou to pay first dividend since Hong Kong IPO as AI tools lift quarterly results
Advertisement The Beijing -based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its artificial intelligence tools, according to its filing. Dividend payments to shareholders will be made on October 6. Second-quarter revenue rose 13.1 per cent to 35 billion yuan (US$4.87 billion), up from 31 billion yuan a year earlier. Profit attributable to equity holders was 4.9 billion yuan, compared to about 4 billion yuan a year ago. First-half revenue increased 12 per cent to 67.7 billion yuan, up from 60.4 billion yuan a year earlier. Profit reached 8.9 billion yuan, compared to 8.1 billion yuan a year ago. Kuaishou's shares closed down 0.21 per cent to HK$71.75 on Thursday, ahead of the earnings announcement. Its stock has gained nearly 80 per cent this year, but remains below its peak of nearly HK$400 in early 2021. Advertisement The declaration and payment of special dividends reflects not only Kuaishou's confidence in its long-term growth prospects, but also how AI innovation is expected to help drive growth at its main business segments. 'Quite a steady growth wouldn't have been possible without the trust and support of our shareholders,' chairman and CEO Cheng Yixiao said at Thursday's post-earnings call with analysts. 'We will consider measures, such as share repurchases and dividend payments, to reward our shareholders.'