Month: April 2024

Apr 30 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF to launch electronic platform in June, in biggest overhaul since starting in 2000

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The new system will allow the 12 MPF providers, 357,000 employers and 4.75 million members to manage the assets through a single platform YF Life Trustees, the smallest of the...

Apr 30 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s treasurer tells visiting UK minister that BN(O) passport not recognised for early pension withdrawal

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Hong Kong’s treasury chief, in a meeting with a visiting UK minister, has reaffirmed that emigrants who want to withdraw their pensions from the city’s official fund cannot use their...

Apr 29 2024

Hong Kong, Korea, Mainland, Stocks

Veteran Hong Kong teacher fired and who lost pension over 2019 unrest Facebook posts wins appeal against ‘harsh and oppressive’ decision

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A Hong Kong teacher fired over offensive comments … which included loss of pension rights, and ruled the punishment was unduly oppressive. “I am satisfied that the punishment of dismissal...

Apr 29 2024

Hong Kong, Korea, Mainland, Stocks

Bitcoin ETF bandwagon heads to Australia after US$53 billion haul in US

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AUSTRALIA is set for a wave of Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the US and Hong Kong, as issuers such as Van Eck Associates and...

Apr 28 2024

Hong Kong, Korea, Mainland, Stocks

Chinese cornerstone investors are new pillars of Hong Kong IPOs and it’s not all good news

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Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize...

Apr 28 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong treasury chief tells UK minister BN(O) passports invalid as proof of identity in bid to sort out pensions confusion

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Treasury chief Christopher Hui seeks to clear up confusion over whether residents on UK citizenship pathway can withdraw pensions at meeting with visiting British minister.

Apr 27 2024

Hong Kong, Korea, Mainland, Stocks

Phoenix Energy confirms sale to Hong Kong billionaire

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The chief executive of Phoenix Energy, Northern Ireland’s largest gas distributor, has hailed its new owners for their investment in the economy here.

Apr 27 2024

Hong Kong, Korea, Mainland, Stocks

Phoenix Energy sold to Hong Kong billionaire

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Phoenix Energy is being sold to a consortium associated with one of Hong Kong’s wealthiest businessmen. Phoenix owns and operates the largest natural gas distribution network in Northern Ireland, …

Apr 26 2024

Hong Kong, Korea, Mainland, Stocks

UPDATE 2-Hong Kong’s

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April 25 – A consortium of Hong Kong’s CK Infrastructure, CK Asset, and Power Assets will acquire a Northern Ireland gas distribution network operator, Phoenix Energy, for an enterprise value...

Apr 26 2024

Hong Kong, Korea, Mainland, Stocks

Investor group says Japanese firms’ strategic shareholdings ‘should be in principle zero’

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Japanese firms should reduce their “strategic shareholdings” to improve resource allocation, which is key to Japan’s economic revival, the Asian Corporate Governance Association (ACGA) said.