Hong Kong fourth wave: residents feeling pinch of coronavirus pandemic not allowed to dip into MPF pension scheme early

Hong Kong residents struggling financially amid the coronavirus pandemic will not be allowed to dip into their pension funds early, though the welfare department will ease the threshold for the unemployed to apply for social security aid, the government has said.Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told the Legislative Council in a letter on Wednesday that, after deliberating on the possible long-term implications, the government could not follow a…

Read the original article at South China Morning Post