Hong Kong banks replace burnt cash from residents of fire-ravaged Wang Fuk Court

Hong Kong’s note-issuing banks are replacing burnt cash for Wang Fuk Court residents, following emergency measures introduced by the city’s Monetary Authority and lenders to support those affected by last November’s devastating fire at the Tai Po estate. The extent of the residents’ financial losses came into the spotlight as they returned to the site to collect their belongings during a 15-day government operation that wrapped up earlier this month. When residents visited Wang Tai House, one...

By Kristen Cheung