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John Tsang: Why Inject HK$6,000 Into MPF, Not Cash?

2011-03-27
Marcus Tang

Why insist on MPF injection over cash handouts?

Financial Secretary John Tsang told a LegCo special session the revised budget injects HK$6,000 of MPF for permanent residents 18-plus, pleading for April 13 passage so people get the money and other relief fast. The public broadly wants immediate access, not retirement-locked cash — the row continues.

How do you deploy the injection?

It’s retirement money, not a windfall. First move after it lands: check whether your whole mix is off-balance and direct the injection to the weakest link — don’t let it sleep.

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