Category: Hong Kong

May 11 2024

Hong Kong, Korea, Mainland, Stocks

Senior departures at HSBC Asset Management prompt new appointments

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HSBC Asset Management made several senior appointments as two leaders departed, and an interim Hong Kong CEO was named, the firm said in a statement on May 10. Brenda Wong,...

May 07 2024

Hong Kong, Korea, Mainland, Stocks

Latest trend seen by BlackRock will drive record bitcoin price, analyst says

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BlackRock’s head of digital assets revealed that sovereign wealth funds, pension funds and more are now considering bitcoin ETF investment.

May 03 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s pension regulator highlights cybersecurity and system stability to allay fears over eMPF platform’s launch next month

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Hong Kong will implement sound cybersecurity measures reinforced by strong backup systems to ensure a smooth launch of the MPF electronic platform next month, according to the MPFA’s Ayesha Lau.

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.