Elderly Hongkongers are expected to spend 5 per cent more annually over the next three years under wide-ranging “silver economy” measures to spur consumption, a senior official has said when asked about a lack of targets for the policy.
Deputy Chief Secretary Warner Cheuk Wing-hing, who is leading a new task force dedicated to tapping the silver economy, also said on Saturday that the government would conduct a study to analyse the spending habits and demands of various age groups among the…
