Month: November 2020

Nov 19 2020

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Canada pension giant invests US$100 million in Hutchison China MediTech

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Canada’s biggest pension fund is buying US$100 million of American depository shares issued by Hutchison China MediTech via a private placement to help finance the Hong Kong-based firm’s cancer …

Nov 18 2020

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Two steps for Hong Kong to ensure better retirement protection for all under MPF scheme

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Hong Kong needs to do more to give people hope and confidence in the future. One way that this can be done is to make major improvements to the Mandatory...

Nov 18 2020

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Hong Kong’s MPF seen to gain after China A-shares exposure limit dropped

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Hong Kong has dropped the Mandatory Provident Fund’s (MPF) 10% allocation limit to China A-shares, a move hailed by market players who say it will help diversify investments and risk...

Nov 18 2020

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HK’s A-share expansion for MPF will slowly shift assets

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New MPF rules allow asset managers to access China’s booming stock markets, but current high valuations are keeping investors at bay.

Nov 18 2020

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CPPIB to invest in Chi-Med

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Hutchison China MediTech has agreed to sell US$100 million of its shares to Canada Pension Plan Investment Board.

Nov 17 2020

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Budweiser, Anta, Meituan Rise After Hang Seng Index Inclusion

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Shares of Meituan, Anta Sports Products Ltd. and Budweiser Brewing Co. APAC Ltd. rose on their first trading day since the compiler of Hong Kong’s benchmark Hang Seng Index said...

Nov 14 2020

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Government lifts cap on A-shares for pension fund

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Hong Kong people will be able to invest more of their retirement funds in mainland stocks in future. The government gazetted on Friday to include …

Nov 14 2020

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China, Hong Kong stocks fall on U.S. ban, bond defaults

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China and Hong Kong stocks fell on Friday following the Trump administration’s decision to ban U.S. investments in firms linked to the Chinese military, with sentiment also hurt by more...

Nov 14 2020

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Breakingviews – Trump fires messy parting shot at Beijing

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Donald Trump is firing a parting shot at Beijing. To stop more money from flowing into the People’s Republic, the lame-duck U.S. president signed an executive order to block U.S....

Nov 11 2020

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No relief for Hong Kong workers robbed of retirement protection by MPF offset mechanism

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The continuance of this “offsetting mechanism” undermines the very essence of pension provision and planning. I doubt Hong Kong’s chief executive understands or cares what that means for ordinary …