Leung says new housing policies will keep coming
Yesterday, during a LegCo question and answer session, Chief Executive Leung Chun-ying said that resolving Hong Kong’s housing problem was the government’s number-one priority. He explained that, while the government had taken some actions already, they would continue to monitor the situation and introduce, at the right moment, new measures. Leung said that he had never thought of collecting a value-added tax. The Chief Executive also reemphasized that, in the interest of the financial sustainability of the senior subsidy scheme, the government would not allow the subsidy to be applied retroactively to the beginning of October, earning him the criticism of the Labour Party’s Alan Leong. Additionally, Leung Chun-ying said that compromise between the government, LegCo and society would be necessary if Hong Kong was to solve its pressing problems.
Salaries may rise 4.6 percent next year
According to a new survey by the Hong Kong Institute of Human Resource Management, 40 percent of responding firms will increase salaries next year. On average, salaries will rise by 4.6 percent. The highest growth will be in the property management, retail and NGO sectors. Nevertheless, when compared with last year’s survey, which indicated that 70 percent of firms would increase salaries, the current survey reveals a higher degree of caution among employers.
Shenzhen introduces fine for having second children in Hong Kong
The Shenzhen Municipal People’s Conference has passed a new regulation that, for the first time, clearly outlaws giving birth to second children abroad. If a Shenzhen resident gives birth to a second child in Hong Kong or in a foreign country and brings that child back to Shenzhen for at least 18 months out of two years, that resident will be slapped with a fine of nearly RMB220,000 starting on 1 January 2013. A Hong Kong lawyer says that no reliable mechanism exists to report the birth of mainland children in Hong Kong. Therefore, mainland parents could always find a Hong Kong guardian to look after their child rather than suffer the penalty.