Up to 9,320 secondary school students stand to benefit from the second edition of a cash giveaway scheme initiated by Hong Kong billionaire Li Ka-shing’s foundation.
Students from 89 schools in Yuen Long, Tin Shui Wai, the outlying islands and Tuen Mun who are sitting the Hong Kong Diploma of Secondary Education (HKDSE) examinations this year will receive a cash gift of HK$5,000 each, hk01.com reports.
The Li Ka Shing Foundation started handing out the cash gifts under the “Decide Well, Spend Wisely” scheme in Tuen Mun on Monday.
In the first edition of the cash giveaway scheme last year, students from 51 schools in Yuen Long, Tin Shui Wai, and the outlying islands received a cash gift of HK$5,000 each.
According to a survey conducted between July and August on the 5,711 students who received the cash gifts last year, 88 percent of the respondents said they found the cash gifts to have practical benefits, such as helping their families defray household expenses and paying for the students’ tutorial classes.
About 73 percent of the students said the scheme boosted their level of happiness and alleviated their stress during the HKDSE exams.
The survey also showed that 75 percent of the respondents hope the scheme can become a regular program.
Over 64 percent of the teachers in 46 schools surveyed said the scheme has helped them better understand how students spend money. It also helped them gain a better understanding of the students’ lives inside and outside the campus.
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