Hong Kong Tycoons Commit Another $3.9 Million To Growing List Of Covid-19 Vaccination Incentives

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Li Ka-shing reclaimed the No. 1 position as the city’s wealthiest person this year. His fortune is … [+] currently estimated at $35.1 billion.

AP Photo/Kin Cheung

Hong Kong billionaires Li Ka-shing and Henry Cheng will hand out shopping vouchers and cash grants worth a total of HK$30 million ($3.9 million) to residents to boost the city’s sluggish coronavirus vaccination rate.

Li’s flagship companies CK Hutchison and CK Asset Holdings, together with his charitable foundation, said on Tuesday that they would offer HK$20 million worth of shopping coupons in a vaccine lottery.

With the first prize valued at HK$5 million, the coupons can be used to purchase a new flat from CK Asset. They can also be used within CK Group’s businesses that include ParkNShop grocery stores, Fortress consumer electronics, and Watsons health & beauty chain, among others. Hong Kong residents aged 18 or above who have received two coronavirus vaccine doses before August 31 will be eligible for the draw.

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