Month: April 2022

Apr 29 2022

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Pension benefits for Hong Kong teachers to remain intact, Education Bureau says, amid speculation over possible ban on early withdrawal

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Bureau asks teachers not to be ‘misled by the rumours’ that government would amend rules of existing provident fund schemes to stop exodus of educators Legal officer is being recruited...

Apr 28 2022

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Chinese Shares Rise on Promise of Infrastructure Spending and Pension Support

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Asian shares fell across the region except in mainland China, where official pronouncements drove heavy-industry stocks higher.

Apr 23 2022

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Hong Kong insurance industry mourns death of senior figure

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Members of Hong Kong’s government and financial sectors have expressed their condolences and tributes following the death of industry stalwart Robin Chan Yau-hing at age 90. Thai-Chinese Chan was life...

Apr 23 2022

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FirstFT: Goldman flagged Morgan Stanley block trades to Hong Kong regulator

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Plus, Ukraine rejects Putin’s claim of Mariupol’s ‘liberation’ and Musk unveils financing package to fund Twitter bid …

Apr 23 2022

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Sunshine Insurance Looks for Sunny Skies in Hong Kong with IPO Bid

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Sunshine Insurance has applied to list in Hong Kong, and could become China’s 10th listed insurer if the bid is successful Company is launching its …

Apr 19 2022

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Tracker Fund names Hang Seng to run Hong Kong’s biggest exchange-traded fund, ending State Street’s mandate

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The fund, with HK$111 billion of assets under management as of March 25, is popular with the 4.5 million investors of Hong Kong’s Mandatory Provident Fund (MPF), with 17 per...

Apr 15 2022

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All you need to know about the updates to Hong Kong’s 2022 Employment Support Scheme (ESS)

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In order to provide timely financial support for the businesses affected by the fifth wave of the epidemic, the Hong Kong government has announced the launch of a new round...

Apr 07 2022

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Hong Kong’s compulsory pension scheme faces ‘extreme volatility’ after members lose HK$16,600 on average in first quarter

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Hong Kong’s compulsory pensions scheme lost a total of HK$76.2 billion (US$9.8 billion), or 6.2 per cent, during the first quarter of 2022 because of a global market rout –...