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Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$423.2 billion in November from October's US$417.2 billion, the Monetary Authority announced today.   The reserve assets represent over five times the currency in circulation or about 42% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts at the end of November. http://dlvr.it/Sf21yd

Phase 2 mental health scheme set

Eligible organisations are invited to apply for funding support for the implementation of mental health projects under the second phase of the Mental Health Initiatives Funding Scheme.   Non-governmental organisations receiving recurrent subvention from the Social Welfare Department, Hong Kong Council of Social Service agency members and tertiary institutions registered under the laws of Hong Kong may submit proposals to the Advisory Committee on Mental Health by August 3 for funding support.   Priority will be accorded to projects that fall into one of the five specified service areas: support for carers, support for children and adolescents with special educational needs, strengthening of family relationship, support for the elderly with mental health needs, and support for bereavement and grief management.   The application assessment will be based on the proposal submitted, taking into account the project’s strength, impact, design and feasibility as well as the applicant organisation's experience and track record.   The Chief Executive in the 2020 Policy Address noted that the social unrest in 2019 and the persisting COVID-19 epidemic since early 2020 have had different levels of impact on the mental well-being of citizens.   The Government therefore earmarked $300 million under the Beat Drugs Fund to provide better support to the needy in the community and raise public awareness of mental health. The first phase of the scheme was launched in July last year.   Click here for details.
http://dlvr.it/ST5ccr

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