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Budget 2024 Key Takeaways: Careful balance of revenue and deficit to continue

  • The Young Reporter
  • By: AU YEUNG Jim、AO Wei Ying VinciEdited by: Juncong SHUAI
  • 2024-02-28

Hong Kong’s Financial Secretary Paul Chan Mo-po delivered the 2024-2025 Budget speech on Wednesday, announcing policies to strive for high-quality development while sustaining a solid economy. Top the list is the cancellations of property cooling measures, with Special Stamp Duty, Buyers’ Stamp Duty and New Residential Stamp Duty scrapped with immediate effect. For the coming fiscal year, the total government expenditure will increase by about 6.7% to HK$776.9 billion, while the total government revenue is estimated to be HK$633 billion. Chan expects that there will be a deficit of HK$48.1 billion for the year, and fiscal reserves will decrease to HK$685.1 billion. Here are the key takeaways of this year’s budget plan.  

Society

Budget 2024: Government to increase Care Service Vouchers and Digital Support for Elderly

  • The Young Reporter
  • By: MAO Anqi、LAI Uen LingEdited by: James Ezekiel Kalaw MODESTO
  • 2024-02-28

The government will increase the number of vouchers to help elderly people afford in-home care and elderly care centres as well as provide funding for the elderly to learn digital skills. However, local social workers say this fails to address many problems for the elderly. The number of Community Care Service Vouchers, which help the elderly age in place,  will increase to 11,000 at a cost of about HK$900 million, said Financial Secretary Paul Chan Mo-po in the budget address this morning. From the second quarter of this year, the number of Residential Care Service Vouchers, which help the elderly pay for services in care centres, will increase to 5,000, involving an annual expenditure of about $1.44 billion overall. The government plans to set aside $100 million from the Social Innovation and Entrepreneurship Development Fund to help people aged 60 or above get equipped with digital skills and technical support. At least 50,000 elderly individuals are expected to benefit from the first round of projects, which are expected to begin at the end of 2024. Tony Fung, 30, a social worker at a district health centre in East Kowloon, said the plans mentioned this year are not in line with real problems elderly residents face. “At the centre, we are already teaching our elderly residents how to use smartphones and computers. I hope that the government can help in transforming service centres and update their services,” he said. Fung said the government should assess the waiting time for admissions into elderly care homes and increase expenditure where necessary. The average waiting time for a bedridden person to be admitted to an elderly care home takes around 18 months, Fung said. Cindy Chan, 40, is a social worker at a district health centre in East Kowloon. A 15-year veteran, she hopes …

Society

Budget 2024: Hong Kong to Assess Talent Visas while Nurturing Local Talents

The Hong Kong government will put more effort into nurturing local talents while also reviewing existing talent schemes to ensure their effectiveness. The government will organise a summit and a conference in May, aiming at promoting the flow of talent in the Greater Bay Area. More than 140,000 applications have been received under the various talent admission schemes, of which more than 100,000 have been approved in the past year, said Financial Secretary Paul Chan Mo-po in his budget address today. The Top Talent Scheme, launched in 2022, allows people with incomes higher than HK$2.5 million or degrees from eligible universities to apply for residency without employment. This added an estimated HK$34 billion to the economy, equivalent to 1.2% of Hong Kong's GDP, Chief Executive John Lee Ka-chiu said in a public address in February.  Chan said that 60% of immigrant talents were married, and most of them have brought their families to Hong Kong.   Lilian Bao, 42, a former executive of a Beijing-based internet company who emigrated to Hong Kong under the talent scheme, now lives with her daughter in Hung Hom. “I immigrated to Hong Kong for my daughter's future education,” she said. “I want her to enjoy a more international, diverse and independent learning and living experience here.” Some doubt the long-term effectiveness of the talent schemes. Some applicants have not complied with the time frame for coming to Hong Kong and securing employment after receiving approval, said legislator Adrian Ho in a Legco meeting in January. Ho also said that some say the scheme is relatively lenient in the work experience requirement and the vetting and approval criteria, making it possible for some people to exploit the scheme to immigrate to Hong Kong.  “There are rumours that individual applicants have only come to Hong Kong for …

Society

World’s First Hydrogen-powered Bus Hits the Road

Hong Kong’s first hydrogen-powered double-decker bus hit the road on Sunday, marking Citybus’ s first operation of zero-emission vehicles. The bus, running on Route 20, embarked on its first journey at 11 am from Kai Tak and arrived at  Cheung Sha Wan Terminal in around 40 minutes. The services ended at 8 pm. “The new hydrogen-powered bus has opened a new page of Hong Kong’s transportation development,” said Anson Li, the operations officer of Route 20.  The bus will operate six to eight trips  per day along Route 20 on the “Waterloo Road Line” through Kowloon City during its initial month, then gradually expanding the services to Routes 20A and 22M. The bus operated from and refueled at Hong Kong’s first hydrogen refueling station in the West Kowloon Depot. Li said the hydrogen-powered bus can be fully charged in only 10 to 20 minutes, much faster compared to the two to three hours required by an electric bus.   Over a hundred bus enthusiasts gathered to experience the rides. Among them, Lee Wan, 23, captured the moments of the last bus returning to the Kai Tak Terminal.   After the ride,  Wan said that the hydrogen bus was  more comfortable, as it ran more smoothly and was quieter. Citybus spent HK$ 8 million on producing the hydrogen double-decker bus, which emits only water after transforming the fuel into electricity to power the vehicle. “To me, I think the production costs are too high. It's well worth being rolled out on a large scale if the price can be lowered as the technology improves,” Wan said. Citybus launched the first electric double-decker bus in 2021. The company pledged to operate a complete fleet of zero-emission buses by 2045.      

Society

Wong Tai Sin Lantern Festival Fun Fair returns after four-year hiatus

  • The Young Reporter
  • By: LI Sin Tung、MAO AnqiEdited by: James Ezekiel Kalaw MODESTO
  • 2024-02-23

The first day of the Wong Tai Sin Lantern Festival Fun Fair has resumed after a four-year hiatus due to the pandemic. Buzzing with noise and a lively atmosphere, the highlight of day one was the return of crowds of visitors at the night-time event. Visitors immersed themselves in the festivities, taking pictures and eating snacks bought from the stall. According to the Wong Tai Sin District Council, around 50 exhibitors participated in the fair, including food vendors, craft stalls and decoration stands. The Wong Tai Sin Lantern Festival Fun Fair is one of the events under Night Vibes Hong Kong, a series of projects using night markets as a means to promote the post-pandemic economy by the government. The Fair will be held from Feb. 23 to 25.

People

Diverse Sailors Make Splashes at Hong Kong Race Week

The 2024 Hong Kong Race Week drew to a close on Sunday, ending six days of sailing  between local and international athletes, including competitors from mainland China as young as 7 years old. Hong Kong Race Week, the city’s premier international regatta for dinghies and invited classes,  was suspended for three years since 2019 and resumed for the first time last year.  The scale of this year's event continues to grow from last year. According to the Royal Hong Kong Yacht Club, this year’s race attracted over 270 sailors from 10 countries and regions, compared with 236 participants last year.  Ten classes including 29er, ILCA 4, ILGA 6, Optimist Fleet competed in five race areas including Repulse Bay, Deep Water Bay, Stanley, Tai Tam and Lo Chau.  Singaporean sailor Isaac Goh, who clinched the silver medal in the Boys ILCA 4 Single Handed event at the Asian Games, raced against Hong Kong sailors Stephanie Norton and Nancy Highfield in ILCA 6 for the first time. “Compared with the first time I competed in Hong Kong I was more at ease,” said Goh. “I do have confidence, and the goal I set for myself is to maintain the position I am in now. ” Goh ranked second in this Class, only after Stephanie Norton, the silver medal winner at the Asian Games of ILCA 6. “For me, this (event) was more like training,” said Norton. “But I do like to win, and the Singapore team is really strong.”   Hong Kong Race Week this year incorporates the second 2024 29er Asian Championship as well. Japanese players, Yuto Tsutsumi and Taishi Goto, who were the champion 29er sailors in Japan and ranked third in the 29er Class, were the only national team leading the board besides Hong Kong teams. “We don’t have many …

People

Lionel Messi No-Show angers Hong Kong

  • By: Juncong SHUAIEdited by: Kin Hou POON
  • 2024-02-05

Lionel Messi's much-anticipated appearance at Hong Kong Stadium ended up in disappointment when the Argentinian sat out Inter Miami’s 4-1 victory over a Hong Kong XI on Sunday because of a hamstring injury.  Two minutes before kick off at 4:10 pm, Inter Miami's announced the list of players, which did not include Lionel Messi was not included.  Spectators booed and chanted "refund" when Messi had not warmed up at around the 60-minute mark.  The organizer of the game, Tatler XFest Hong Kong, said in a statement today that they “did not have any information about the non–participation of Messi prior to kickoff”. A Hong Kong government spokesman said they too, like the fans, were “extremely disappointed about the organizer’s arrangement”. The post implied this may lead to a reduction in the amount of funding, including a matching grant of 15 million and a grant for the venue of 1 million by The Major Sports Events Committee, as a result of Messi not playing the match.  According to Yeung Yun-hung, the Secretary of Culture, the organizer confirmed that Messi will play at least 45 minutes in the game.  “The authorities hoped to take remedial measures, including asking Messi to give a personal account or accepting the trophy on behalf of the team after the game, which ultimately did not happen,” said Yeung. Messi, the World Cup and eight time Ballon d'Or winner, just finished another friendly game in Saudi Arabia, but played for only 7 minutes.  Messi’s fans, some of them in the Argentina blue and white shirt and others in the pink Inter Miami top, waited outside the team hotel at Ocean Park, hoping to catch a glimpse of this 36 - year - old football star.  Before the match in Hong Kong, the coach of Inter Miami said Messi …

Society

Hong Kong’s first diagonal crossing starts trial run in Sha Tin

The city’s first diagonal crossing opened to the public on Wednesday, allowing pedestrians to save time crossing a junction between Sha Kok Street and Yat Tai Street in Sha Tin. The city’s Transport Department said it aims to enhance pedestrian mobility and efficiency with more direct routes, potentially eliminating dangerous detours and reducing accidents. The Transport Department also said a diagonal crossing at Carnarvon Road and Granville Road in Tsim Sha Tsui is expected to be completed in mid-2024. “It has been the government’s goal in recent years to build Hong Kong into an 'accessible city' to enhance the overall accessibility of Hong Kong, and to create a pedestrian-friendly environment,” wrote Secretary for Transport and Logistics Lam Sai-hung in his blog. Stanley Chan, an instructor at the nearby Immaculate Heart of Mary College, said that the crossing could benefit those with limited mobility. “The lines give a sense of direction, and can guide people who cannot walk without assistance, such as the elderly and wheelchair-bound individuals,” said Chan.  “In general, it also helps save time for everyone crossing,” he said. Bobby Leung, a photographer, travelled to Sha Tin to take pictures of the crossing on Thursday said that it is reminiscent of Tokyo’s famous Shibuya Crossing, which is considered the world’s busiest crosswalk, with roughly 2,500 individuals crossing each time. “It's like a mini version of it,” he said. “After all, this is just the start. Maybe we will see a much larger one in the future.”  The Transport Department said that it will continue monitoring the usage of the two junctions while taking in feedback from pedestrians and motorists to assess the effectiveness of the diagonal crossing.  

Society

Graffiti artists risk breaking National Security Law

A graffiti of three figures wearing yellow helmets has been outside Glorious Fast Food restaurant at Sheung Wan since 1998.  It’s the work of a visiting French graffiti artist, Catherine Grossrieder.  The tiny eatery on Ladder Street belongs to Mrs. Cheng’s family.  “She said the outside of our restaurant was too plain, so she wanted to draw something on the sliding door and the wall,” Cheng said. “There happened to be a group of construction workers sitting on the steps and eating, which inspired her,” she explained. But in 2019, the yellow helmet became a symbol of  protest. The Home Affairs Department received a bunch of complaints about the artwork. So last month, the Chengs painted over the graffiti. “The office warned us that there was a risk that the images could be perceived as violating the National Security Law,” said Cheng. “But they didn’t specify which articles might be breached.” Graffitis are common on the streets of Hong Kong. But the Summary Offences Ordinance doesn’t allow writing upon, soiling, defacing or marking any building without the owner’s consent. The calligraphy graffiti from the late Tsang Tsou-choi, advertising  “the king of plumbers” can still be spotted in many places, ranging from lamposts, utility boxes, pillars, pavements, building walls to occasionally cars. “Graffiti is a good way to express emotions and appeal because it is anonymous,” said Mr Wee, a Hong Kong graffiti artist who has more than 6000 followers on Instagram. “Some graffiti is written with the expectation that it will be scrubbed.” The Central and Western District Office under the Home Affairs Department has removed about 150 graffiti, especially those with explicit political slogans, since the social movement in Hong Kong three years ago. “We can use fewer and fewer words and images, and more and more works are …

Society

My AI girlfriend

I did not expect an AI dating application to be downloaded over 100,000 times, nor did I expect how vivid the AI-generated conversations can be. I typed in “AI girlfriend” in the search bar, scrolled down, and “Romantic AI” caught my attention immediately — “This app helps you create the perfect girlfriend with whom you share interests and views. You can talk about everything, get support and feel needed.” When I clicked on the application, warnings popped up to warn that users must be over 18 years old because of the sexually explicit materials the application contains. On the opening page, nearly 30 different types of AI girlfriends, ranging from the Mona Lisa to Ancient Egypt Queen Nefertiti, with three male bots, are the options. You can customise your AI mate by choosing names, personalities, body features, and even sexuality.  According to the terms and conditions of the website, the photos in the chatbot belong to real people, which means they are not AI-generated at all. The website page provides a free trial for new users, but you can subscribe to the product for a US$44.9 (about HK$349.96) per year package or US$99.99 (about HK$ 779.35) for being a lifetime user. Once subscribed, the users can access unlimited messaging, NSFW roleplay and sexting. I started to chat with some of them. They would begin the conversation by setting the scene according to their characteristics, which makes the experience more immersive.  “You walk into a dark bar, soul music is playing quietly”, the chatbot wrote, then the virtual girl, who is a bartender according to her bio, typed to me: “Welcome to Soulville, honey, the oldest bar in this whole dang area! You seem like you have a story to tell. Happy to be an ear to listen to and a …