Month: January 2024

Jan 27 2024

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In Hong Kong, decades of wealth gains evaporate on China’s watch

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Hong Kong’s stock market is lower today than it was in 1997 when the territory returned to Chinese sovereignty.

Jan 22 2024

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Why are there concerns about China’s pension system as its population ages?

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China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy’s long-term …

Jan 19 2024

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Explainer-Why are there concerns about China’s pension system as its population ages?

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China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy’s long-term …

Jan 19 2024

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Hong Kong says it listens to locals, as well as mainland tourists, as lawmaker says gov’t disregards residents’ demands

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Views on Hong Kong hold the same weight regardless of whether they are expressed on local or mainland Chinese social media, Hong Kong’s constitutional and mainland affairs chief has said...

Jan 19 2024

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They flocked to build China’s cities. Now builders are aging with little retirement

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A booming migrant workforce helped propel China’s growth in the past four decades. Now those workers are approaching retirement age and straining local governments and social services.

Jan 13 2024

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Exclusive-China’s Harvest Fund cuts Hong Kong staff in pullback from offshore business, sources say

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Harvest Fund Management, which manages $210 billion in assets, has laid off more than one-third of its staff at its Hong Kong unit as the leading Chinese asset manager pulls...

Jan 11 2024

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China Is Fast Losing Its Place as Must-Have in Global Portfolios

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Years of harrowing losses have left Chinese stocks with a diminished standing in global portfolios, a trend that’s likely to accelerate as some of the world’s biggest funds distance themselves...

Jan 04 2024

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Hong Kong’s MPF bounces back with 3.5% annual gain, the first since 2020, as pension scheme adds US$4.8 billion in value

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The 3.5 per cent gain, which works out to about US$1,025 per member, follows losses of 15.7 per cent in 2022 and 0.3 per cent in 2021. But poor performance...

Jan 01 2024

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Hong Kong shares plunge to losses for 4th straight year

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OVER the summer, when Hong Kong’s stock market rout seemed to have no end in sight, the city’s financial chief Paul Chan jumped into action, creating a task force to...