Hong Kong to offer more support for families with newborns

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Hong Kong to offer more support for families with newborns

STORY: Hong Kong to offer more support for families with newborns DATELINE: Oct. 26, 2023 LENGTH: 00:02:04 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of speech scene 2. SOUNDBITE (Chinese): JOHN LEE, HKSAR Chief Executive 3. various of Hong Kong-related footage STORYLINE: China's Hong Kong Special Administrative Region (HKSAR) will implement a raft of measures to encourage childbearing amid a low birth rate, HKSAR Chief Executive John Lee said Wednesday. A one-off cash bonus of 20,000 Hong Kong dollars (about 2,556 U.S. dollars) will be provided for each baby born on Wednesday or after in Hong Kong to a parent who is a Hong Kong permanent resident, and this measure will last for three years, Lee said in a policy address. Other incentives include a 20-percent rise in deduction ceiling for home loan interest or domestic rents, and priority arrangement for subsidized sale flat and public rental housing allocation. SOUNDBITE (Chinese): JOHN LEE, HKSAR Chief Executive "The Hong Kong Ho

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