Fact of the Day: Hong Kong's Lowest in the World

Hong Kong doesn't offer enough incentives to have children

Hong Kong has a new reputation of having the lowest birthrate in the world.

This ranking is according to a report by the United Nation Population Fund that was released on April 19.

The Hong Kong government previously said the population dropped as students went overseas to study.

Hong Kong's birthrate continues to plunge

But now it can't hide the fact that there are very few babies being born in the city. Many young women have migrated elsewhere in light of the national security law and there are others who prefer to remain childless.

According to the Census and Statistics Department, Hong Kong's fertility rate dropped from 1,080 in 2018 to 772 in 2021.

In the latest financial budget released in late February, Financial Secretary Paul Chan Mo-po proposed increasing the the child allowance by HK$10,000 (US$1,275) to HK$130,000.

However, lawmakers to residents complained the amount was too little to cover the costs of raising a child in Hong Kong. Experts suggest giving financial aid is the best option -- provided the amount was enough.

"There is international evidence suggesting that financial incentives including tax incentives have a positive impact on fertility, and at least, may encourage couples to give birth earlier," said assistant professor Tan Poh Lin, who studies Singapore's low birth rate at the Lee Kuan Yew School of Public Policy.

HK has a higher number of seniors than youth

However, Paul Yip Siu-fai, the chair professor in population health at the University of Hong Kong, said the government had yet to treat the low birth rate as "a matter of life and death" as the Singaporean government had.

"It will not work unless you invest a very large sum of money," he said.

Yip said the government should instead focus on improving people's quality of life to make them happier while improving work conditions for women.

Indeed. But will the government listen?