Stamp of approval sought on HK$4.6 billion lifeline for struggling Hongkong Post

Hong Kong authorities plan to inject HK$4.6 billion into Hongkong Post to sustain operations for three years amid eight years of losses and declining mail volume. The proposal, submitted by the Commerce and Economic Development Bureau to the Legislative Council, highlights the financial struggles of the Post Office Trading Fund (POTF) since 2017-18.