Hong Kong banks replace burnt cash from residents of fire-ravaged Wang Fuk Court

Hong Kong's note-issuing banks are replacing burnt cash for residents of the fire-ravaged Wang Fuk Court in Tai Po. This action follows emergency measures implemented by the Hong Kong Monetary Authority and lenders to assist those impacted by the devastating fire that occurred last November. The extent of financial losses became apparent when residents returned to collect belongings during a recent 15-day government operation. During this operation, on April 30, individuals were observed recovering significant amounts of fire-damaged cash, with two people recovering over HK$100,000 each from Wang Tai House, a severely damaged block.