The Community Care Fund held its first executive committee meeting
yesterday. Several recommendations were made. They suggested allocating
HK500 million in the first year for groups to apply on a project basis.
Individual applications will not be accepted.
And they also suggested the Hong Kong Monetary Authority to manage
the HK$10 billion Fund to save management fees demanded by private fund
It was reported that details of the fund will be made after
discussions among the sub-committees and two public consultation
sessions next month.