Hong Kong authorities allocate an additional HK$5 billion to a national security special fund, according to government financial records and reporting by local outlets. The funding is part of a series of allocations made since Beijing imposed the Hong Kong national security law in June 2020. The South China Morning Post reports that an official document reviewing the general revenue expenditure accounts for the financial year ending in March 2026 shows a non-recurrent HK$5 billion earmarked for a “special fund” to cover national security-related expenditure. Hong Kong Free Press similarly reports that the government makes the third allocation since 2020 and that the latest HK$5 billion increases the total amount earmarked for the national security fund to HK$18 billion. Both outlets describe the latest allocation as an additional contribution, bringing cumulative funding over roughly the past five years to HK$18 billion. The Free Press also notes that the allocation is gazetted as part of the government’s formal process. The documents and coverage do not indicate a change in the fund’s purpose beyond meeting related expenditure under the national security framework.
Hong Kong allocates additional HK$5 billion to national security special fund
Hong Kong authorities allocate an additional HK$5 billion to a national security special fund, according to government financial records and reporting by local outlets. The funding is part of a series...
- Hong Kong authorities allocate an additional HK$5 billion to a national security special fund.
- The latest allocation brings the total earmarked for the fund to HK$18 billion.
- The allocation is described as the third national security-related funding allocation since June 2020.
- The HK$5 billion is characterized as non-recurrent expenditure in financial records for the year ending March 2026.
- Reporting cites government gazettal and official expenditure accounts as the basis for the figures.
The Hong Kong government has allocated an additional HK$5 billion to a national security special fund, bringing the total amount to HK$18 billion. The funding is the third allocation for national security since Beijing imposed the national security law in Hong Kong in June 2020. The government unveiled the funding on Friday, when it gazetted […]
3 months agoHong Kong authorities have allocated HK$5 billion (US$638 million) in funding for efforts to safeguard national security, bringing the total amount earmarked for this purpose to HK$18 billion over the past five years, an official document has revealed. The South China Morning Post’s check on the government’s general revenue expenditure accounts for the financial year ending in March 2026, showed a non-recurrent expenditure of HK$5 billion earmarked for a “special fund to meet the expenditure for...
3 months ago
Fed’s preferred inflation gauge holds steady in July at 3.7%
The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) price index, stays flat i...
Cross-Strait youth exchange event brings together young people from Taiwan and China
A youth exchange event focused on people-to-people ties between Taiwan and China is held to bring together young partici...
Vanguard to acquire fintech wealth platform Altruist in deal reported around $4 billion
Vanguard is reported to be striking a deal to acquire Altruist, a fintech wealth platform, in a transaction valued at ar...