Month: July 2021

Jul 31 2021

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Hong Kong regulators are reviewing appointment of State Street as Tracker Fund manager, sources say

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Hong Kong regulators are reviewing the appointment of the manager of the city’s Tracker Fund to make sure local investors’ interests are well protected against any negative effects from a...

Jul 31 2021

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Hong Kong reviews rules for picking Tracker Fund’s manager to mitigate risk to pensioners in rising US-China rivalry

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Hong Kong’s regulators are reviewing the process for appointing the manager to oversee the Tracker Fund, as it moves to shield the city’s biggest exchange-traded fund (ETF) from being ensnared...

Jul 21 2021

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Hong Kong MPF supervisor hails “remarkable” performance

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Hong Kong’s Mandatory Provident Fund (MPF) performance last year was “remarkable”, and figures show voluntary contributions are becoming more popular, according to Ayesha Macpherson Lau, head of the …

Jul 11 2021

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Hong Kong blocking pension funds does not bode well for its future as an int’l financial centre

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Some of our imperial rulers seem to have overlooked a rather important point about Hong Kong’s future role. We all understand that we have now abandoned the ambition to be...

Jul 10 2021

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Hong Kong’s pension fund posts 4.5 per cent investment gain in first half, but policy and regulatory challenges lie ahead

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The outlook for investment markets in the second half of this year is not so optimistic, as the Hang Seng Index has lost 5.8 per cent over the past week,...

Jul 07 2021

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Pension shortfalls keep 9 out of 10 middle-income Hong Kong residents toiling

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Nine out of 10 middle-income Hongkongers approaching retirement age have no firm plan to stop working because they fear their pension savings are insufficient, according to a report released on...

Jul 06 2021

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Nine out of 10 middle-income Hongkongers aged over 50 have no plan to retire as they don’t have sufficient pension funds, survey finds

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Almost 90 per cent of middle-income people aged 50 to 59 have no firm plan to quit work, fearing their pensions savings won’t see them through old age, according to...

Jul 05 2021

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Banks accused of Beijing-backed ‘asset grab’ as Hongkongers in UK denied access to pension savings

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When Tom and Mary decided to leave Hong Kong for Britain, they hoped to buy a home using their hard-earned savings. But they have been unable to retrieve the HKD500,000...

Jul 01 2021

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Hong Kong’s MPFA is invested in educating the public about the pension fund

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With reference to the letters “Passive MPF investors need better options” (June 9) and “Help investors make the right MPF choices” (June 23), the Mandatory Provident Fund Schemes Authority wishes...