Hong Kong to give big cash handouts as economy reels from virus

Hong Kong (AFP) Feb 26, 2020

Hong Kong's government on Wednesday said it will give a HK$10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start a recession-hit economy now compounded by the coronavirus outbreak. Financial Secretary Paul Chan unveiled the cash gift in an annual budget, committing a colossal HK$120 billion to help alleviate the worst economic downtown the international financia