Month: May 2025

May 21 2025

Hong Kong, Korea, Mainland, Stocks

What’s up with the U.S. credit downgrade?

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Thus, when the rating is downgraded, they could be forced to sell. In fact, reports have surfaced that Hong Kong pension fund managers are expressing concern that they may have...

May 19 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong stocks outperform mainland China by most since 2008

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Worries about Chinese economy and enthusiasm for HK tech stocks drive record high flows into city from mainland …

May 16 2025

Hong Kong, Korea, Mainland, Stocks

Navigating The End Of The MPF Offsetting Mechanism In Hong Kong : Implications For Employers.

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Navigating The End Of The MPF Offsetting Mechanism In Hong Kong : Implications For Employers. Legal News and Analysis – Hong Kong – Labour & Employment – Conventus Law …

May 12 2025

Hong Kong, Korea, Mainland, Stocks

Over 100 Ocean Empire staff owed money before sudden closure, union says, with claims totalling over HK$15M

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Restaurant chain Ocean Empire failed to pay over 100 workers before its sudden closure, with the Labour Department estimating that claims totalled around HK$15 million. Around 110 workers were not...

May 12 2025

Hong Kong, Korea, Mainland, Stocks

Safeguard workers when businesses shut in Hong Kong

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Irresponsible employers must be held to account when they abuse public funds to settle outstanding payments to employees It is sad but true that the weak economy and a changing...

May 10 2025

Hong Kong, Korea, Mainland, Stocks

‘Irresponsible’: Hong Kong congee chain slammed for asking government to pay workers

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Lawmaker, labour rights activist also say government’s safety net may not be able to cover the unpaid wages in full, following abrupt closure of 33-year-old chain.

May 08 2025

Hong Kong, Korea, Mainland, Stocks

Abolition of MPF Offsetting Mechanism in Hong Kong

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From 1 May 2025, in respect of Hong Kong’s MPF scheme, the MPF offsetting mechanism will be abolished, meaning that employers no longer will be …

May 08 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong media outlet Channel C says bank account frozen, offers refund process for patrons

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Local media outlet Channel C has announced that it cannot access its bank account and has offered a refund process for its paid members. “As our company’s bank account has...

May 07 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong insurer AIA’s CIO warns of “paradox of thrift” in retirement saving

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Hong Kong insurer AIA’s investment chief said retirement savings are important to ensure sustainability of a pension system but warned that a “paradox of thrift” could be a drag on...

May 06 2025

Hong Kong, Korea, Mainland, Stocks

MPF offsetting abolished

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The abolition of the Mandatory Provident Fund (MPF) offsetting arrangement took effect today. This means employers can no longer use the accrued benefits of their mandatory MPF contributions to offset...