Month: April 2023

Apr 18 2023

Uncategorized

MPFA says pension funds haven’t been confiscated

by News Desk

No Comments

The Mandatory Provident Fund Authority (MPFA) on Monday strongly condemned a report in the Wall Street Journal claiming that many Hong Kong people …

Apr 15 2023

Uncategorized

Hong Kong’s Hostage Pensions

by News Desk

No Comments

The Communist Party retaliates against residents in the territory who use their special British passports to emigrate …

Apr 13 2023

Uncategorized

170,000 Hongkongers receive HK$5,000 voucher handouts after appealing exclusion from scheme over emigration

by News Desk

No Comments

Nearly 70 per cent of the 250,000 applicants who were initially rejected from the government’s consumption voucher scheme last year have received HK$5,000 handouts after appealing the decision to …

Apr 13 2023

Uncategorized

Hong Kong emigrants to UK blocked from accessing £2.2bn in pensions

by News Desk

No Comments

Tens of thousands of Hongkongers who moved to the UK are being blocked from accessing as much as £2.2bn of pension assets, as activists accuse the city’s government of retaliating...

Apr 13 2023

Uncategorized

HSBC under fire over Hong Kong pensions: Bank accused of blocking those who fled crackdown from accessing funds

by News Desk

No Comments

HSBC is among several global blocking access to the pensions of thousands of Hong Kongers who left to escape a brutal political crackdown.

Apr 08 2023

Uncategorized

Hong Kong’s Mandatory Provident Fund rides market rally for best quarter in 4 years, with each member earning HK$9,100

by News Desk

No Comments

Hong Kong’s Mandatory Provident Fund (MPF), the compulsory retirement scheme that covers 4.7 million members in the city, reported its best first-quarter result in four years. The 413 investment funds...

Apr 08 2023

Uncategorized

Social Insurance in Hong Kong

by News Desk

No Comments

Mandatory Provident Fund (MPF) is a retirement scheme introduced on … For a monthly-paid employee, the current minimum and maximum relevant income levels are HK$7,100 and HK$30,000 respectively.

Apr 05 2023

Uncategorized

AMTD IDEA Group’s Retirement Fund (Mandatory Provident Fund, “MPF”) Schemes Achieved Five Awards from MPF Ratings

by News Desk

No Comments

The five awards include: “1 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)”; “1 Year … in supporting the maximisation of Hong Kong’s retirement savings.

Apr 05 2023

Uncategorized

Think long-term

by News Desk

No Comments

Last year’s market volatility triggered by inflation and higher interest rates wiped out almost 17% of the assets of top pension funds. Hong Kong’s Mandatory Provident Fund, for instance, suffered...

Apr 05 2023

Uncategorized

Hong Kong fund plans to raise $100 million for crypto investment

by News Desk

No Comments

As Hong Kong is again opening up to the crypto market, local investors are launching a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will...