Month: April 2023

Apr 29 2023

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Labour bill stopping Hong Kong bosses from raiding MPF funds to come into force in May, 2025, city leader reveals

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Chief Executive John Lee Ka-chiu on Friday revealed that the bill, which abolishes the so-called offsetting mechanism under the Mandatory Provident Fund (MPF), would come into force on Labour Day...

Apr 29 2023

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MPF offsetting mechanism to be abolished in two years

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Chief Executive John Lee on Friday announced that the Mandatory Provident Fund (MPF) offsetting mechanism will be abolished on May 1, 2025, stopping …

Apr 27 2023

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MPF Reportedly Poised to Review Income Standards for Contributions; Max. Monthly Contribution Could Rise to $2,750

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The Mandatory Provident Fund Scheme Authority (MPFA) is preparing for a new round of review on the income standards concerning MPF contributions, Hong Kong Economic Journal reported. As the minimum...

Apr 26 2023

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Ontario Teachers shutters Asia stock-picking team based in Hong Kong

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Ontario Teachers’ Pension Plan has scrapped its Asia equity team based in Hong Kong, resulting in five job cuts.

Apr 26 2023

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Ontario Teachers’ Shuts Down Asia Equity Team in Hong Kong

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The Ontario Teachers’ Pension Plan is closing down an Asia equity investment team in Hong Kong, resulting in the loss of five jobs.

Apr 25 2023

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Hong Kong’s office market outlook improves after vacancy rate fell for the first time in 10 months in March

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Hong Kong’s grade A office vacancy rate fell 0.2 percentage points month on month in March – the first decline since May 2022. Rents also slipped slightly to HK$54.7 (US$6.96)...

Apr 24 2023

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Insurer Manulife wants to redomicile Hong Kong unit from Bermuda back to the city, to tap Greater Bay Area growth, CEO says

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Manulife, which started its business in Hong Kong 126 years ago, also uses the city to oversee 13 markets with about 13 million customers in the region The Hong Kong...

Apr 20 2023

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Hong Kong treasury minister’s visit to UK to promote business ties met with protest

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The attending UK officials were Minister of State in the Department for Business and Trade Dominic Johnson, the Minister of State (Indo-Pacific), Foreign, Commonwealth and Development Affairs, …

Apr 19 2023

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Hong Kong pensions body slams The Wall Street Journal over claim that BNO passport holders’ assets held ‘hostage’

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Hong Kong’s pensions fund authority has demanded that American newspaper The Wall Street Journal retract “misinformation” in an op-ed about holders of British National Overseas (BNO) passports’ access …

Apr 18 2023

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Hong Kong pension regulator MPFA moving to a smaller office at The Millennity in Kwun Tong

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Hong Kong’s pension regulator and its …