Month: December 2022

Dec 22 2022

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Showdown In Hong Kong: PCAOB Declares A Win As China-Based Auditors Open Access

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At least for now, the delisting clock for Chinese companies has been stopped for three years, according to Gary Gensler, Commissioner for the Securities and Exchange Commission (SEC). The waters...

Dec 19 2022

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Hong Kong’s MPF assets bounce back as markets improve

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The 450 funds under Hong Kong’s largest public retirement scheme had HK$1.04 trillion (US$133.3 billion) of combined assets at the end of November, up 8.3% from the end of September....

Dec 17 2022

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Departing Hong Kong residents took $378 million from pensions in Q3

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Covid-19 curbs are partly blamed for a net outflow of 106,955 people from Hong Kong in the first 11 months of 2022. Read more at straitstimes.com.

Dec 16 2022

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Departing Hong Kong residents took US$280m from pensions in Q3, down 16.4% yoy

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RESIDENTS leaving Hong Kong for good withdrew a total of HK$2.177 billion (S$379.5 million) from their pension accounts in Q3 2022, down 16.4 per cent from a year earlier, government...

Dec 15 2022

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Hong Kong investors in FTX maintain an eerie quiet one month after bankruptcy filing and as founder is arrested in Bahamas

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Many smaller institutions have remained silent on their exposure to the collapsed cryptocurrency exchange, as founder is arrested in Bahamas.

Dec 08 2022

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In the News: NFTs Deemed Property; CISG Applies to Hong Kong; and China Launches First Private Pension Scheme

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First Chinese court decision recognizes NFT as virtual property; international commercial law standards take effect in Hong Kong; and China’s private pension sector set for rapid growth …

Dec 06 2022

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Hong Kong’s MPF sees total assets climb back above crucial HK$1 trillion mark after record November gains, members earn HK$20,300 each

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Compulsory retirement scheme reports a record monthly gain of HK$92.9 billion for November MPF is, however, on track to reporting its first yearly loss since 2018 The total assets of...

Dec 01 2022

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JPMorgan, UBS and Others Vie for Bigger Share of China’s Pension Market

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Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, as the country officially unveiled a private pension system …