Hong Kong will begin directing welfare payments for elderly residents to bank accounts in mainland China starting in July.
The policy specifically targets retirees who have moved to the provinces of Guangdong and Fujian, allowing them to receive their social security benefits directly into local financial institutions rather than maintaining accounts in the city.
City officials described the measure as a long-awaited step to ensure a more secure retirement for Hong Kong residents living across the border.
The arrangement simplifies the administrative burden for seniors who previously had to manage cross-border banking logistics to access their monthly stipends.
The move reflects broader efforts to integrate social services for the growing number of Hong Kong citizens residing in southern China.
By enabling direct transfers to mainland accounts, the government aims to reduce friction for retirees who have relocated for family or lifestyle reasons while maintaining their entitlements.