Month: July 2024

Jul 19 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kongers fleeing to Britain leave $5.1b trapped behind

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Banks won’t recognise BN(O) passports as official documents to access pension cash before retirement. Read more at straitstimes.com.

Jul 15 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong firms need to rethink mandatory retirement ages in today’s world

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In most offices across Hong Kong, companies have set mandatory retirement ages, pushing veteran employees out the door when they hit 60, or in some firms 65. As that corporate...

Jul 13 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong, Guangdong sign 6 cooperation deals to strengthen Greater Bay Area integration

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City leader John Lee and Guangdong Governor Wang Weizhong meet in Guangzhou, with deals signed covering food safety to healthcare cooperation.

Jul 11 2024

Hong Kong, Korea, Mainland, Stocks

Core Accumulation Fund ranks best-performing MPF investment choice

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The Core Accumulation Fund (CAF) topped all investment choices under Hong Kong’s Mandatory Provident Fund (MPF) scheme, reporting an 11.5% net investment return in the 12 months to June 2024....

Jul 11 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 mln over incentives given to unauthorised agents for MPF scheme

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HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 10 2024

Hong Kong, Korea, Mainland, Stocks

Expat Retirement Savings at Risk in Maze of Pension Transfers

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(Bloomberg) — For the millions of expats who leave pension pots behind as they job-hop through the world’s financial hubs, retrieving that money has become a costly experience fraught with...

Jul 10 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 mln over incentive offers to agents around MPF scheme

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HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 09 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 million over incentives given to unauthorised agents for MPF scheme

by News Desk

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HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 09 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 million over incentive offers to agents around MPF scheme

by News Desk

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HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 04 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF scores best first half since 2019 as assets hit record of US$157 billion

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The retirement scheme earned HK$12,500 (US$1,600) for each of its 4.75 million members in the first half of 2024 as stock markets rallied, according to MPF Ratings.