Hong Kong – Regularisation of four financial assistance schemes under Community Care Fund to support carers or persons with disabilities

Regularisation of four financial assistance schemes under Community Care Fund to support carers or persons with disabilities


     The Government announced the regularisation of four financial assistance schemes under the Community Care Fund starting from today (October 1), including the Scheme on Living Allowance for Carers of Elderly Persons from Low-income Families, the Scheme on Living Allowance for Low-income Carers of Persons with Disabilities (the two carer allowance schemes), the Special Care Subsidy Scheme for Persons with Severe Disabilities and the Scheme on Providing Subsidy for Higher Disability Allowance Recipients in Paid Employment to Hire Carers, to support carers or persons with disabilities.

     The 2022 Policy Address announced that the Government would progressively roll out a number of measures from 2023 to enhance support for carers, including regularising the four aforementioned schemes to provide carers of elderly persons/persons with disabilities from low-income families or persons with disabilities with a living allowance to help supplement their living expenses as well as assist elderly persons/persons with disabilities in need of long-term care to receive even better care and remain living in the community with the help of their carers.

     After regularisation, the monthly allowance of the two carer allowance schemes will increase from $2,400 to $3,000. The monthly allowance of the Special Care Subsidy Scheme for Persons with Severe Disabilities will increase from $2,000 to $2,500, while that of the Scheme on Providing Subsidy for Higher Disability Allowance Recipients in Paid Employment to Hire Carers will amount to $5,000. Under the two regularised carer allowance schemes, the Social Welfare Department (SWD) will continue to commission non-governmental organisations to become Approved Service Providers to provide appropriate support for needy carers and contact the families concerned to follow up on the allowance-related matters. In tandem with the regularisation, the allowances of the two carer allowance schemes will no longer be counted as income under the Working Family Allowance (WFA) Scheme. This new arrangement will apply to WFA applications submitted on or after October 1, 2023.

     The SWD has been issuing letters to carers of elderly persons/persons with disabilities or persons with disabilities by batches starting from June to invite eligible persons for applications. Applicants should submit their completed application forms with relevant documents by post or in person to the Carer Allowances and Subsidies Team (CAST) of the SWD (Address: Room 404, 4th Floor, Lady Trench Training Centre, 44 Oi Kwan Road, Wan Chai, Hong Kong). Upon completion of assessment, the SWD will inform applicants of the results as soon as possible.

     For details of the Schemes, please visit the SWD’s website (www.swd.gov.hk/en/svcdesk/funds/). Members of the public may also contact the CAST (Tel: 3468 5635 or 3468 5636; Fax: 3468 5648; email: castenq@swd.gov.hk) during office hours for enquiries.

Quam Plus Financial Unveils New Brand Name

Quam Plus International Financial Limited (“Quam Plus Financial” or “the Group”) (00952.HK) (previously named “China Tonghai International Financial Limited”), a leading financial services corporation in Hong Kong, announced it was officially renamed on 21 July. The Group has organized the “Renaming Ceremony & Cocktail” at the Hong Kong Club in Central, Hong Kong, which marked the debut of a new brand name and signified the beginning of a new chapter in the development of the Group’s business. The Group was hopeful it would grasp future growth opportunities and took the opportunity to show its gratitude for the long-term attention and support given by business partners and clients.
At the Renaming Ceremony & Cocktail, Dr. Kenneth LAM Kin Hing, Executive Co-Chairman and CEO of Quam Plus International Financial Limited delivered speeches, followed by the unveiling of the new “Quam Plus Financial” brand together with Mr. Henry Liu, Executive Director; Mr. Stacey Wong, Chief Operating & Risk Officer; Mr. Army Yan, Chief Investment Officer; Mr. Chris Wu, Chief Financial Officer; Mr. Ambrose Lam, Co-Chairman of Quam Capital (Holdings) Limited; Mr. Christopher Tang, Chief Executive Officer of Quam Asset Management Limited; and Mr. Calvin Chiu, Deputy Chief Executive Officer of Quam Securities Limited. Under the leadership of the management team, the Group will aim to establish an all-rounded financial services with a new corporate image.

Over the past two decades since the Group’s listing on the Stock Exchange of Hong Kong, the Group has grown with the territory and has worked hard to provide local and mainland enterprises and individual investors with diversified financial services including securities brokerage, corporate financing, asset management and wealth management. Under the leadership of the management team, the group has successfully rebuilt strong and stable financial fundamentals. Additionally, the “Wealth Management” and “China and Special Opportunities” divisions have been established on top of existing service provision, injecting new energy into the company’s business and further expanding its business footprint.

Dr. Kenneth LAM Kin Hing, Chief Executive Officer and Executive Director of Quam Plus International Financial Limited said: “We have invested many years of effort to build the Quam brand, and our sense of belonging to the group has been increasing day by day. Today, it is definitely my pleasure and honour to Quam Plus Financial taking a step towards a new milestone. In the future, we will continue to be based in Hong Kong and face the world, insisting on providing customers with more excellent and advanced international financial services. At the same time, we sincerely hope to continue to be a loyal partner to our customers, moving forward together and creating a brighter future.”

About Quam Plus International Financial Limited
Quam Plus International Financial Limited (the “Group”, Stock Code: 00952.HK) is a Hong Kong based financial services group which is listed on the Main Board of the Stock Exchange of Hong Kong Limited. The Company was publicly listed in Hong Kong in 1997, it is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients.

For further information, please contact:
Quam IR Limited
Mandy Lo Tel: (852) 2217-2753 Email: Mandy.Lo@quamgroup.com
Charlie Chan Tel: (852) 2217-2504 Email: Charlie.Chan@quamgroup.com

Topic: Press release summary

The 5th Financial Revolution Summit: Redefining the Fintech Landscape in Egypt

The Financial Revolution Summit, the Region’s ONLY Event on Advancing Financial Innovation & Disruption is scheduled for August 2-3, 2023 in the vibrant city of Cairo. With the maxim “Redefining the Fintech landscape… A Summit for Innovators & Visionaries,” this event promises to be an exceptional gathering of industry leaders, thought provokers, and cutting-edge innovators.

Egypt’s burgeoning market on Fintech has positioned the country as a driving force in the region’s financial technology landscape. With a rapidly evolving ecosystem and an increasing number of startups and initiatives, Egypt has emerged as a fertile ground for innovation, digital transformation, and financial inclusion. The Financial Revolution Summit aims to highlight the tremendous opportunities and challenges within Egypt’s fintech market, fostering collaboration, knowledge sharing, and strategic partnerships to drive further growth and advancement.

The 5th Financial Revolution Summit will feature a comprehensive agenda that delves into key topics such as Digital Payments, Risk Assessment, Green Revolution, Decentralized Finance, Fraud Prevention, Financial Inclusion, Regulatory Advancements, and much more… Renowned speakers from Egypt & the region will share their insights, experiences, and visionary ideas, providing delegates with valuable knowledge and actionable strategies to navigate the rapidly changing financial landscape.

Delegates will have ample networking opportunities, enabling them to forge meaningful connections with industry leaders, investors, entrepreneurs, and government officials. The summit will also showcase an exhibition space where leading fintech companies, startups, and solution providers can showcase their products, services, and innovations. With this edition, we have introduced FINTECH FRONTIER AWARDS to promote and encourage the continued growth and development of the FinTech industry, as well as to recognize those who are leading the way in this exciting and rapidly-evolving field.

Join us at the 5th Financial Revolution Summit on August 2-3, 2023, in Cairo, Egypt, to be part of this transformative event that will redefine the future of finance in the region.

Mr. Shyuj Kumar, the Managing Director of TraiCon Events, shared his excitement about the upcoming event: “We are honored to bring the 5th edition of the Financial Revolution Summit to the dynamic city of Cairo. This summit has consistently provided a platform for global finance and technology leaders to connect, collaborate, and chart the future of the fintech industry. With a strong focus on Egypt’s fintech market, we aim to explore new horizons, empower innovators, and inspire visionary solutions that redefine the financial landscape.”

About the organizer

TraiCon India is a leading provider of global trainings, B2B events and management consulting for diversified industries that are looking to scale opportunities and be more effective in delivering their businesses to the right people at the right time. TraiCon conceptualizes & organizes flagship events on Emerging Technologies in APAC & MENA region. To know more, visit: https://traiconevents.com.

Event Contact:
Eng. Prasanna,
Event Producer at TraiCon Events
Email: prasanna@traiconevents.com
Mob: +0091-7708523918

Topic: Press release summary

Charles Calloway and Associates Launches Financial Empowerment Program, Revolutionizing Women’s Financial Literacy

 With a deep understanding of the unique challenges faced by women in the financial arena, Charles Calloway, Founder, and esteemed Financial Advisor, recognized the urgent need for a comprehensive program to empower women in taking charge of their financial future. Drawing inspiration from his own experiences raising four daughters alongside his wife Lori, Charles understands the importance of teaching financial literacy from a young age.

“The launch of our financial empowerment program represents a significant turning point in women’s financial literacy,” said Charles Calloway, an advocate for women’s financial empowerment. “With four daughters of my own, I recognize the critical role early financial education plays in empowering women to become financially confident and independent.”

The financial empowerment program, meticulously crafted by Charles Calloway and Associates, offers a dynamic array of resources and tools tailored to women’s specific needs. Through immersive workshops, thought-provoking seminars, and personalized guidance from seasoned financial experts, participants will gain the essential knowledge and skills to make informed financial decisions.

“By instilling financial literacy in our daughters at a young age, my wife Lori and I witnessed the transformative impact it had on their confidence and decision-making skills,” added Charles Calloway. “We are committed to extending this opportunity to women at large, enabling them to break barriers and secure their financial futures.”

As studies consistently reveal the disparities women face in financial matters, this program seeks to level the playing field and empower women to overcome financial challenges head-on. By addressing topics such as budgeting, investing, and long-term financial planning, participants will be equipped with the necessary tools to achieve their financial goals, secure their financial future, and unlock their full potential.

The impact of women’s financial empowerment extends beyond individual lives. Financially empowered women become agents of economic growth, driving positive change within their communities. By supporting women in gaining financial independence and knowledge, Charles Calloway and Associates aspire to create a more inclusive and prosperous society.

“We firmly believe that every woman deserves the opportunity to thrive financially,” said Charles Calloway. “This program is not just about education; it is about empowering women to break barriers, shatter glass ceilings, and rewrite their financial narratives.”

Charles Calloway and Associates encourage individuals, businesses, and community organizations to join forces in supporting this groundbreaking initiative. By uniting efforts, we can revolutionize women’s financial literacy and transform the financial landscape, fostering a more equitable and prosperous future for all.

For media inquiries or partnership opportunities, please contact:

Charles Calloway
Founder, Charles Calloway and Associates
(919) 526-7898

About Charles Calloway

For over 28 years, Charles has served small business owners, families, and individuals with their personal finances. As a Financial Advisor, he’s helped clients with everything from planning out the best course of action to reach their goals like retiring and paying for college to developing an income optimization plan and mapping out the quickest way to become debt-free. Charles says his favorite job was in the US Air Force as an instructor. Since then, he’s worked at various firms including Ameriprise and State Farm. He built a wealth management practice at Ameriprise before serving for 5 years as a Pastor at a local church. Since 2013, Charles has been proud to be part of the Primerica Advisors family in the Raleigh area. His office is in Garner, North Carolina. Charles and his wife have been married for almost 30 years and live in Clayton, North Carolina. Charles has a son and four daughters and two grandchildren.

Charles Calloway and Associates
Charles Calloway
(919) 526-7898



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New Financial Wellness Center Opens in San Diego Promise Zone

 California Coast Credit Union has announced that a new Financial Wellness Center has opened at the Logan Heights Community Development Corporation to serve residents and small businesses within the San Diego Promise Zone.

A grand opening reception took place on Wednesday, May 10 for community partners to visit the location and learn about the opportunities for no-cost financial education and coaching now available to individuals and families in the area. At the event, attendees heard from Todd Lane, President and CEO of Cal Coast Credit Union, and Monte Jones, CEO of Logan Heights Community Development Corporation, about this meaningful partnership and how vital the center is in a community otherwise void of financial institutions. In addition, State Senator Steve Padilla representing District 18, recognized this milestone for its commitment to improving the wellbeing of area residents.

“Cal Coast Credit Union is committed to bringing financial access to the Promise Zone so affordable financial products and services are convenient for all individuals and businesses. We are focused on removing the barriers that exclude people from the benefits of participating in the mainstream financial system. Our goal is to provide a path for everyone in our community to achieve financial health and independence to help them live their best lives,” said Todd Lane, Cal Coast’s President and CEO.

“It is with great excitement that Logan Heights CDC becomes the home to the Cal Coast Credit Union Financial Wellness Center in the Greater Logan Heights neighborhood. It is partnerships and resources such as these that move our communities forward. For years, the Greater Logan Heights and San Diego Promise Zone neighborhoods have faced inequitable access to financial institutions and trusted banking resources for our residents and small businesses in the community. This is a historical moment because our neighborhoods currently have zero financial institutions present in our community. With this official opening, we invite our residents, families, and small businesses for the first time to connect with the Cal Coast team and receive FREE, accessible, and no-cost financial resources at their neighborhood non-profit, Logan Heights CDC,” added Monte A. Jones, Logan Heights CDC CEO.

In 2016, the San Diego Promise Zone became one of 22 federally designated Promise Zones in the United States and one of only four in California. The area covers 6.4 square-miles that spans from East Village and Barrio Logan east to Encanto and is home to the City’s most culturally rich and ethnically diverse neighborhoods, but also some of the most disadvantaged and under-resourced communities where unemployment is high. More than 80,000 San Diegans live in the Promise Zone.

About California Coast Credit Union
Established by San Diego teachers in 1929, California Coast Credit Union is the longest-serving financial institution based in San Diego County. With more than $3 billion in assets, the credit union serves nearly 200,000 members through its local network of 25 branches and 60 shared branch locations, and 30,000 fee-free ATMs nationwide. California Coast is not-for-profit, provides no-cost financial education for adults and youth, and is committed to improving the lives of its members and others in the community. Anyone who lives or works in San Diego or Riverside counties can be a member. For more information, visit www.calcoastcu.org or call (877) 495-1600.

About Logan Heights CDC
Logan Heights Community Development Corporation’s mission is to strengthen residents and businesses in the Greater Logan Heights neighborhoods through community empowerment, education, economic growth, and housing development. As a community development corporation, Logan Heights CDC directly serves our neighborhood communities of Greater Logan Heights, Barrio Logan, and the San Diego Promise Zone. Logan Heights CDC provides free, no-cost services around (1) Small Business Development, (2) career and educational opportunities/ assistance, financial coaching, and income support services through our Career Financial Advancement Center (CFAC), (3) youth programming and supportive services through our Youth Empowerment & Diversion program, and (4) early childhood education opportunities through enrollment in our Future Achiever’s Preschool. For more information, visit www.loganheightscdc.org or call (619) 858-0563.

California Coast Credit Union
Christine Lee



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