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HK Policy Address Said to Extend HKD20,000 Newborn Bonus, Introduce Progressive Child Tax Allowance to Encourage Birth Rate
2026-09-14 15:38:06 Ahead of the new Policy Address to be unveiled on Wednesday, local media reports said the Hong Kong government will roll out another "combo" to encourage childbirth, including extending the HKD20,000 newborn baby bonus and introducing a progressive child tax allowance for the first time, under which families with more children can enjoy higher tax deductions. Young families purchasing subsidized sale flats may also be offered lower down payment arrangements to relieve home-buying pressure. The Hong Kong government will not compete with Singapore through direct cash handouts to encourage childbirth, but will instead promote the policy through more targeted and sustainable measures, including tax deductions and housing initiatives, report told. ~ AASTOCKS Financial News Website: www.aastocks.com | |