Month: September 2023

Sep 29 2023

Uncategorized

HSBC executive to exit after deploring UK’s stance on China

by News Desk

No Comments

LONDON: HSBC Holdings Plc’s head of public affairs Sherard Cowper-Coles will step down after making controversial remarks about the British government’s handling of its relationship with China, …

Sep 27 2023

Uncategorized

Chinese stocks pose reputational risk to US, Canadian pension funds amid geopolitical tensions, says Alpine Macro strategist

by News Desk

No Comments

Money managers are having a hard time convincing their boards to invest in Chinese assets as they worry about being seen to be aligning with a hostile government, according to...

Sep 26 2023

Uncategorized

Hong Kong’s MPF suffers fifth consecutive monthly loss

by News Desk

No Comments

Hong Kong’s Mandatory Provident Fund incurred a HK$32.2 billion (US$4.12 billion) investment loss in the third quarter, including HK$27.8 billion in September, its fifth consecutive monthly loss, …

Sep 24 2023

Uncategorized

Hong Kong police ‘arrest preschool supervisor’ for allegedly forging official letter to downplay loss of subsidy status

by News Desk

No Comments

Source says 66-year-old supervisor of Bilok Anglo-Chinese Kindergarten’s Lung Sum Avenue branch arrested for doctoring letter revoking site’s subsidy qualification.

Sep 22 2023

Uncategorized

Hong Kong police sergeant jailed for 3 months after making false statements to secure HK$165,000 from force’s credit union

by News Desk

No Comments

Court hears 47-year-old Wong Pak-lun falsely reported monthly amounts to be repaid on other loans to secure cash from Police Credit Union in 2017 and 2019.

Sep 19 2023

Uncategorized

Hong Kong’s MPFA outlines steps to bolster MPF system

by News Desk

No Comments

Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) intends to further reduce fees for the Mandatory Provident Fund, widen its range of investments, and promote voluntary contributions to …

Sep 19 2023

Uncategorized

7 in 10 Hongkongers expect to work after retirement, as savings will not suffice to provide quality of life: HSBC survey

by News Desk

No Comments

Hong Kong people believe they need US$1.1 million to retire comfortably, but they face a shortfall of US$815,000, HSBC survey says Yet Hongkongers are less likely than their peers in...

Sep 19 2023

Uncategorized

Most people plan to work after retirement

by News Desk

No Comments

Even after spending their adult life in employment, most people (51%) plan to continue working after retirement to preserve their health and wealth, a new report finds.

Sep 12 2023

Uncategorized

City regulators urged to review Hong Kong’s ties to the London Metal Exchange

by News Desk

No Comments

City regulators must scrutinise the Hong Kong government’s ties to the London Metal Exchange following China’s breaches of human rights and diplomatic agreements with the UK, a human rights group...

Sep 09 2023

Uncategorized

Norway’s $1.4 trillion investment fund is shutting its China office

by News Desk

No Comments

Norges Bank Investment Management (NBIM), which operates the world’s largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global...