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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

3.1m register for voucher scheme

The Government said more than 3.1 million people have submitted electronic registrations for the Consumption Voucher Scheme via its online registration portal as of 11pm today and the portal's operation has remained smooth.   In view of the relatively long waiting time for people who choose to authenticate their identity via iAM Smart, the Office of the Government Chief Information Officer will make adjustments.   From 3am tomorrow, those who wish to use iAM Smart to register for the scheme should use the mobile app in their mobile device for authenticating their identity and register for the scheme directly. This can help ensure that only existing iAM Smart users can choose to register using this method.   The office noted that many people who chose to register for the scheme through iAM Smart in the past two days did not have an account and hence they needed to create one at the same time.   This caused a backlog of registration requests and registration webpages left idle, thereby significantly consuming internet resources and resulting in a long queue.   The office said the adjustments will help reduce the waiting time significantly as people will need to separately create an iAM Smart account before using it to register for the scheme if they are not existing users.   People can still authenticate their identity by answering security questions related to the Cash Payout Scheme launched last year or by inputting personal information and uploading a copy of their Hong Kong identity card.   Additionally, the Government has also fine-tuned the registration procedure to extend the time limit of electronic registration from 30 minutes to 45 minutes to allow ample time for the public to do the registration.
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