Payments will be made in order to stimulate the birth rate and will amount to 20 thousand Hong Kong dollars (about 2.56 thousand dollars).
According to John Lee, one of the child's parents must be a permanent resident of Hong Kong. The measure will be in effect for three years, and then revised.
There is a difficult situation with the birth rate in the city. At the end of 2022, the population of Hong Kong was 7.4 million people. At the end of last year, the birth rate fell to 0.9 children per woman. Previously, China pursued a policy of "one family, one child", which is why there is currently a rapid aging of the population. In addition, people are hesitant to have children because of the high cost of maintaining a child, as well as high prices for health care and education.
