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The government of Hong Kong Special Administrative Region will spend an additional HK billion (.3 billion) to relieve the hardship of senior residents and low-income families during the current economic downturn.

The funds have a maximum maturity of three years and an annual interest rate of 3.15 percent, 15 basis points lower than the existing medium-term lending facility (MLF), the People's Bank of China (PBOC) said on its website.

The government will foot the bill for the extended leaves, with a maximum of HK,000 (,300) for each employee. The new measure will be implemented from the end of this year.

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The government strategy and focus to clean up the finance sector is the right direction, and the question lies in execution, which requires coordination of difference government agencies, she noted, adding China's decision to create a new committee for financial stability and development will help address the issue.

The government also will improve the job information monitoring system and allow the jobless to register as unemployed in another province to make job information easier to access.

The fresh financing, led by the country's education giant TAL Education Group, is expected to move the valuation of Xiaoe-tech to over 1 billion yuan.

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The goals also include detecting and treating as many cases of HIV infection as possible and eliminating mother-to-child transmission.

The global market research company shared the results of a report on ride-hailing service quality on Thursday.

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The government helped 720,000 laid-off workers find new jobs last year.

The government will promote public-private partnerships to encourage the participation of private capital in projects that have rational scientific policymaking and clear mechanisms on investment returns, according to the NDRC.