5 d. ago Get elderly housing right and Hong Kong’s silver economy can take off

Hong Kong’s Deputy Chief Secretary Warner Cheuk Wing-hing has announced dozens of measures to promote the “silver economy” and address the needs of the city’s ageing population. These cover five main areas: boosting consumption, developing tailor-made products, promoting quality assurance of “silver” products, strengthening financial and insurance protection, and encouraging older residents to re-enter the job market. These are all good intentions, but it also begs the question: where is the...

Politics

1 week ago Hong Kong ‘silver economy’ moves to boost spending by ‘5% annually over 3 years’

Elderly Hongkongers are expected to spend 5 per cent more annually over the next three years under wide-ranging “silver economy” measures to spur consumption, a senior official has said when asked about a lack of targets for the policy. Deputy Chief Secretary Warner Cheuk Wing-hing, who is leading a new task force dedicated to tapping the silver economy, also said on Saturday that the government would conduct a study to analyse the spending habits and demands of various age groups among the...

Economics

2 w. ago What experts say Hong Kong gets right and wrong in plan to tap ‘silver economy’

Hong Kong’s plan to tap the multibillion-dollar “silver economy” and bolster elderly residents’ spending power requires measures that will increase their participation in the workforce and give them more income, such as a flexible retirement age and better medical insurance, analysts have said. The government on Tuesday announced 30 measures aimed at reaping the economic rewards of the ageing population. Deputy Chief Secretary for Administration Warner Cheuk Wing-hing outlined five key areas his...

Politics

2 w. ago Hong Kong targets elderly consumers with new ‘silver economy’ drive

Hong Kong’s leader has announced that a working group would unveil five measures to boost consumption among the older population on Tuesday afternoon, with an aim to address the needs of the city’s burgeoning elderly market. Chief Executive John Lee Ka-chiu explained that the Working Group Promoting Silver Economy, led by deputy chief secretary Warner Cheuk Wing-hing, would coordinate various service areas within the emerging elderly consumption market to stimulate Hong Kong’s economy. “[The...

Events

2 w. ago Discounts, new products, better insurance part of Hong Kong drive to aid elderly

Hong Kong authorities have rolled out wide-ranging measures to better address the needs of the city’s ageing population, including steps to spur consumption, develop tailor-made products and strengthen insurance protection to encourage older residents to re-enter the job market. Deputy Chief Secretary Warner Cheuk Wing-hing, who is leading a new task force dedicated to tapping the “silver economy”, noted the huge purchasing power of older residents as he unveiled the measures on Tuesday. “The...

Politics

3 w. ago More military technologies targeted for civilian sector to boost economy

China will strengthen innovation by developing high-tech industries with military technologies to boost military-civil integration, a move that aims to cultivate new growth drivers and boost the economy, said a recent State Council guideline.

Events