No need for Hong Kong to match Singapore’s HK$400,000 birth perk, top official says

Hong Kong does not need to emulate Singapore’s generous childbirth incentives, a senior official has said, defending the city’s latest 11-measure policy drive as a “comprehensive” approach tailored to local needs across short-term cash flow, housing and childcare. Addressing concerns that Hong Kong’s drive was too incremental compared with Singapore’s multi-tier sustained funding, Deputy Chief Secretary Warner Cheuk Wing-hing said on Tuesday that each jurisdiction has its own unique set of...