The HK$4.4 billion (US$564 million) donated for Tai Po fire victims will grow gradually with interest earned from fixed deposits, the home affairs minister has told the Post, adding the money will also fund long-term resettlement.
In an exclusive interview with the Post on Friday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said the fund’s accountant, the Treasury, had put an “appropriate amount” of the unallocated donated money into fixed deposits.
“Some say, ‘you are just leaving…
Tai Po fire relief fund to earn interest from fixed deposits: Hong Kong minister
