Policy Address

Retirement Protection

61.         The CoP has commissioned a consultancy study by a team, with Professor Nelson Chow as the chief consultant, to assess various retirement protection schemes on the basis of the multi-pillar approach advocated by the World Bank and to make recommendations on the way forward.  The team will submit a report to the CoP before mid-2014.  The Government will adopt an open and pragmatic attitude in considering the way forward for retirement protection.

Social Innovation

62.         I proposed in my Manifesto and set up the $500 million Social Innovation and Entrepreneurship Development Fund after I took office.  The fund encourages individuals and organisations who care about social development, including young people who wish to start their own business, to help tackle poverty and associated social problems by innovative ideas and modes of operation.  The Social Innovation and Entrepreneurship Development Fund Task Force under the CoP will engage the first group of intermediaries in a few months' time.  The fund will be open for applications through intermediaries starting from mid-2014.

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