Hong Kong's seven million permanent residents are to get a HK$10,000 cash handout from the government in a bid to boost spending Hong Kong's government said Wednesday it will give a HK$10,000 ($1,280) handout to every permanent resident in a bid to jump-start an economy in recession after months of protests and hit further by the coronavirus outbreak. Financial Secretary Paul Chan unveiled the cash gift in the annual budget, committing a colossal HK$120 billion to help alleviate the worst economic downturn the international financial hub has faced in a decade.Hong Kong boasts significant fiscal...

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