Legislature rejects non-binding motion to set up HK$100bn ‘baby fund’

A lawmaker’s non-binding motion encouraging the Hong Kong government to set up a HK$100 billion “baby fund” has been rejected. Pro-Beijing legislator Ann Chiang proposed setting up the fund on Wednesday. According to her plan, the government would provide a lump sum of HK$10,000 to each newborn baby in Hong Kong, deposited into a personal account. … Continue reading Legislature rejects non-binding motion to set up HK$100bn ‘baby fund’