Month: March 2022

Mar 31 2022

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Hong Kong’s Tracker Fund, in major shift, goes from State Street to Hang Seng Investment

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Hong Kong’s Hang Seng Investment Management is taking over management of Tracker Fund, the city’s largest exchange-traded fund and Asia’s first physical ETF, from US asset manager State Street Global...

Mar 30 2022

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Hong Kong replaces State Street as manager of largest ETF

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A supervisory body of Hong Kong’s central bank has decided to replace a unit of State Street Corp as manager of the territory’s largest exchange-traded fund of more than $14...

Mar 29 2022

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Hong Kong’s MPF default investment assets near HK$90 billion in five years

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Hong Kong’s Mandatory Provident Fund’s default investment strategy or DIS had HK$86.7 billion (US$11.11 billion) of assets as of December 2021, a “considerable” growth in less than five years, …

Mar 28 2022

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Tracker Fund may replace State Street as manager to forestall risks to Hong Kong’s pensioners amid rising US-China tension

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A seven-member supervisory committee chaired by George Hongchoy Kwok-lung may soon name the winner of a tender to review the Track Fund’s management Hang Seng Investment Management is at the...

Mar 23 2022

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Hong Kong – Employment And Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 Gazetted.

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Hong Kong – Employment And Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 Gazetted. Legal News and Analysis – Hong Kong – Labour & Employment – Government and Public Sec...

Mar 22 2022

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38 arrested in Hong Kong for trying to swindle pandemic benefits

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Hong Kong police have arrested 38 people for allegedly attempting to defraud over HK$285 million (SG$49.4 million) from a government loan scheme that supports small and medium enterprises affected by...

Mar 19 2022

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Australian pension funds shun China over Xi’s ‘common prosperity’ drive

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Australian pension funds are pulling back from Chinese listed equity markets on concern that President Xi Jinping’s “common prosperity” policy has heightened the risk of government interference in the …

Mar 19 2022

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Govt should assist companies backed by pension funds, says Najib

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“The government needs to ensure that companies which are owned by these pension funds, and have not yet recovered … He was commenting on a report that the stock markets...

Mar 18 2022

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Hong Kong’s MPF investments hit by bear market

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Hong Kong’s Mandatory Provident Fund investments were dragged down in 2021 by the city’s worst bear market in a decade, though fund assets increased as more of the 4.5 million...

Mar 18 2022

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Hong Kongers might be missing out these tax benefits on insurance products

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Manulife reveals that many still do not fully understand these benefits. Many Hong Kong residents still do not fully understand the characteristics and benefits of some insurance products and pension...