19.
Welfare payment arrangement for Lunar New Year holidays
Recipients of Comprehensive Social Security Assistance under the bank payment system may receive their payments on Saturday (February 17) if their pay- days fall on the coming Lunar New Year holidays (February 18 to February 21).
A spokesman for the Social Welfare Department said today (Thursday) that special payment arrangements would also be made for recipients of Social Security Allowance whose pay-days fell on February 18 to February 21.
Those who have bank accounts in Hong Kong Bank or Hang Seng Bank will receive their payments on Saturday (February 17) whereas those with accounts in other banks will receive their payments next Thursday (February 22).
In case of doubt, recipients are advised to contact their respective social security field units
End
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,651
0930
+149
Closing balance in the account
2,381
1000
+149
Change attributable to:
1100
+152
Money market activity
+152
1200
+152
LAF today
-422
1500
+152
1600
+152
LAF rate 4.00% bid/6.00% offer TWI 123.3 *-0.1* 15.2.96
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