Addressing Hong Kong’s Low Birth Rate: Zhuo Yongxing’s Newborn Baby Bonus Initiative and the Year of the Dragon Effect

2024-01-10 07:35:42

Zhuo Yongxing hopes to face up to the problem of low birth rate, temporarily accepting 4,682 applications for newborn baby bonus

Deputy Secretary for Administration Zhuo Yingxing said that since the NT$20,000 newborn baby incentive measure was announced last year, as of the 8th of this month, a total of 4,682 eligible applications have been received. The Finance Committee of the Legislative Council will discuss the relevant funding application this Friday. If the funding is successfully obtained, it is expected to be issued in late February. He hopes that with the dual support of the newborn baby bonus and the Year of the Dragon effect, Hong Kong will welcome more babies in the new year.

Zhuo Yongxing said on his social page that he went to Queen Mary Hospital in the morning to talk to two young expectant mothers. One pregnant woman said that she would use the NT$20,000 reward money to buy baby products, while another expectant mother thought that the new measures were incentives and would use the incentives. Gold is used to purchase breastfeeding aids.

Zhuo Yingxing pointed out that Hong Kong’s fertility level has continued to decline in the past 30 years. Last year it fell to 0.8, which is the lowest level in the world. It sounded the alarm that Hong Kong’s population is shrinking. The problem is imminent. Last year, the government proposed to provide 20,000 yuan for new students. The baby bonus, along with other housing and tax incentives, hopes to lead society to reckon with the country’s chronically low birth rate.

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