Month: May 2022

May 31 2022

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AIA Hong Kong invites Hins Cheung to tell MPF highlights in campaign

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AIA Hong Kong has featured singer Hins Cheung in two latest campaigns, telling the highlights of its mandatory provident fund schemes and the details of a startup competition. The company...

May 27 2022

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Hong Kong group calls for tax changes to bolster financial services industry

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Among other things, it recommends changes to tax laws to encourage pension funds to set up offices in Hong Kong for their in-house fund management arms, including better defining …

May 21 2022

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MPFA: It Should Not Make General Assumption Based on Individual MPF Investment Return Report

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The Mandatory Provident Fund Schemes Authority (MPFA) expressed that, while it understands the members’ concerns for the investment performance of the MPF, the circumstances and needs of each MPF …

May 14 2022

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Abolish the MPF and bring universal basic income to Hong Kong

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The Mandatory Provident Fund should be replaced as it does not do its job as a retirement fund and has failed ordinary Hongkongers Feel strongly about these letters, or any...

May 14 2022

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Jobless relief to be disbursed

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Vetting of the fourth batch of applications under the Temporary Unemployment Relief Scheme is completed and subsidies are to be disbursed to about 68,000 successful applicants.

May 14 2022

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Foreign managers count on China market’s inefficiency for years to come

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At the same time regulators were laying the groundwork for a flood of institutionally managed pension money to eventually find its … said Claire Shen, Hong Kong-based head of China...

May 11 2022

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Public Pensions’ New Quandary: Coping With Geopolitical Turmoil

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If autocracy is moving the world toward deglobalization, geopolitical investment principles should complement environmental, social and governance factors. There’s a lot for pension boards and …

May 09 2022

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Exchange Fund faces ‘triple-whammy’, if equities, bonds and forex valuation all drop, HKMA’s Eddie Yue warns

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“In that case, the Exchange Fund would face a ‘triple-whammy’ situation with equities, bonds and foreign exchange valuation all falling at the same time.” The HK$1.2 trillion Mandatory Provident Fund...

May 08 2022

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Breaking up HSBC: Ping An’s call to debate the future of Hong Kong’s largest bank raises vexing question if its value is greater than the sum of its parts

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Ping An, HSBC’s biggest shareholder, making push for change at the lender in latest example of investor strife Asia is the bank’s biggest profit centre, but insiders say much of...

May 07 2022

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Abolish MPF raids by Hong Kong bosses immediately

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Despite years of talk to end the practice, employers continue to dip into the pension savings of workers who need them most Previous Hong Kong chief executive Leung Chun-ying lamented...