Month: June 2022

Jun 21 2022

Uncategorized

Hong Kong – MPF Investments Broadened To Include Chinese Government Bonds.

by News Desk

No Comments

Hong Kong – MPF Investments Broadened To Include Chinese Government Bonds. Legal News and Analysis – China, Hong Kong – Banking & Finance, Investment Funds – …

Jun 18 2022

Uncategorized

Hong Kong – Passes Two Important Employment-Related Bills Within One Week.

by News Desk

No Comments

Hong Kong – Passes Two Important Employment-Related Bills Within One Week. Legal News and Analysis – Hong Kong – Labour & Employment – …

Jun 17 2022

Uncategorized

Hong Kong pension industry hails scrapping of MPF offsetting mechanism

by News Desk

No Comments

Hong Kong will abolish the so-called offsetting mechanism in the Mandatory Provident Fund, a move long sought by the pension industry, which says it will bolster retirement protection for the...

Jun 16 2022

Uncategorized

Govt To Verify CVS Eligibility List with MPFA, Inform Ineligible Pax

by News Desk

No Comments

Those leaving or intending to leave Hong Kong permanently are ineligible for the second phase of the Consumption Voucher Scheme (CVS) upon amendments. The Government shall verify with Mandatory …

Jun 15 2022

Uncategorized

Hong Kong Pension Pot Shrinks 11% on China Market Turmoil

by News Desk

No Comments

Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours...

Jun 14 2022

Uncategorized

Hong Kong Update: Removal Of MPF Offsetting Arrangements On The Way.

by News Desk

No Comments

Removal Of MPF Offsetting Arrangements On The Way. Legal News and Analysis – Hong Kong – Labour & Employment – …

Jun 10 2022

Uncategorized

Hong Kong passes bill abolishing ‘offset’ scheme on MPF

by News Desk

No Comments

This resulted to weakened retirement protection offered to employees, according to the government, with the contributions to the MPF depleting because of the offsetting arrangemen …

Jun 10 2022

Uncategorized

Hong Kong Legco approves to abolish MPF offsetting arrangement

by News Desk

No Comments

The offsetting arrangement could be expected to be formally abolished in 2025. The government will provide a subsidy of HK$33.2bn for employers.

Jun 10 2022

Uncategorized

Hong Kong stops firms dipping into pension funds for severance payments, after 20 year battle

by News Desk

No Comments

Hong Kong’s bosses will no longer be allowed to dip into a worker’s pension fund to make severance and long service payments after legislators voted to ban the practice, following...

Jun 10 2022

Uncategorized

Hong Kong passes long-awaited labour bill to scrap MPF offsetting mechanism, protecting workers’ pensions

by News Desk

No Comments

Move ends decade-long debate between bosses and unions, preventing employers from dipping into staff pensions to cover severance and long-service payments.