Tai Po fire: Hong Kong Red Cross raises HK$530 million for affected residents

AI Summary
Following the deadly Tai Po fire at Wang Fuk Court that killed 168 and displaced nearly 5,000, the Hong Kong Red Cross has raised HK$530 million to support affected residents. The NGO announced the end of its donation drive three months after the blaze. The funds will be used for both emergency relief and long-term recovery efforts, which are expected to take five years. The Red Cross pledged to keep administrative fees below 5% of the total funds raised. The organization noted the collaborative effort of residents, businesses, and the government in assisting the victims.
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