Hong Kong to send welfare cash to retirees’ mainland Chinese bank accounts from July

Starting in July, Hong Kong will enable elderly welfare recipients who have retired in Guangdong and Fujian provinces to receive their cash assistance directly deposited into their mainland Chinese bank accounts. Chief Executive John Lee Ka-chiu announced this new arrangement on Wednesday during a visit to Fujian, where he met with Hong Kong residents living there. This initiative aims to make it easier for elderly individuals to access their allowances, contributing to a more secure retirement. The service is intended to facilitate the receiving of these allowances for Hong Kong's elderly population residing in these mainland provinces.