Tai Po fire relief fund to earn interest from fixed deposits: Hong Kong minister

Hong Kong's Home Affairs Minister announced that the HK$4.4 billion relief fund for victims of the Tai Po fire will be placed in fixed deposits to accrue interest. The Treasury, acting as the fund's accountant, has allocated an appropriate amount of uncommitted funds to these deposits. The fund, consisting of HK$4.1 billion in donations and HK$300 million from the government, aims to support long-term resettlement for residents of Wang Fuk Court. Approximately HK$1.2 billion has already been distributed to affected residents, including rental grants. The minister addressed concerns about the money sitting idle, emphasizing the proactive measure to generate interest while awaiting allocation.

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