Category: Hong Kong

Apr 14 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF posts first positive financial year return since 2020/21

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The MPF’s return for the 12 months to March was 1.93%. Its last positive return was in the financial year ended March 2021. The retirement scheme had around HK$1.18 trillion...

Apr 11 2024

Hong Kong, Korea, Mainland, Stocks

Scam alerts ignored by up to 30% of users of Hong Kong’s Faster Payment System for bank transfers

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Police say 505,000 scam alerts sent to users of Faster Payment System (FPS) between launch of warning system in November and March.

Apr 10 2024

Hong Kong, Korea, Mainland, Stocks

HKMA CEO says Hong Kong considering ‘deepening’ some connect schemes with China

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Hong Kong Monetary Authority (HKMA) is considering deepening some investment connection schemes between the city and mainland China, CEO Eddie Yue said on Tuesday. Yue told the HSBC Global Investment...

Apr 09 2024

Hong Kong, Korea, Mainland, Stocks

MPF: Hong Kong retirement fund delivers 2.47% gain in first quarter with super rallies in US, Japan equity markets

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Funds focused on Japanese and US equities performed best among all 413 funds in the retirement scheme, at 12.30 and 9.82 per cent, respectively Hong Kong and China stock funds...

Apr 05 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong High Court: Employer rejects ex-director’s multi-million-dollar claim for unpaid wages

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Hong Kong’s High Court recently dealt with a case involving a worker’s claims against their employer for unpaid director’s fees, wages, and other emoluments. The employer, in turn, filed counterclaims...

Apr 05 2024

Hong Kong, Korea, Mainland, Stocks

Fieldfisher Hires Pension Team After ‘Strategic Review’ at PwC

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The move comes in light of a review by PwC, with the team continuing to work closely with the Big Four accountants, according to a statement.

Mar 28 2024

Hong Kong, Korea, Mainland, Stocks

New MPF platform to offer Hong Kong investors more control over portfolios

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The dozen MPF account providers are due to complete the shift to the new electronic platform, which allows for day-to-day adjustments of holdings, by the end of 2025 Hong Kong...

Mar 27 2024

Hong Kong, Korea, Mainland, Stocks

Mass Mandatory Provident Fund Scheme-Global Stable Fund (0P00008SV6.HK)

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20111.79%1.18%-10.30%3.46% …

Mar 27 2024

Hong Kong, Korea, Mainland, Stocks

Hsbc Mandatory Provident Fund-supertrust Plus Chinese Equity (0P0000MPRR)

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Mar 19 2024

Hong Kong, Korea, Mainland, Stocks

EMPF Platform: Hong Kong to migrate smallest pension firms first, with giants like HSBC to bring up the rear by end-2025, regulator says

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YF Life Trustees, the smallest of Hong Kong’s MPF providers, will be the first to migrate to the soon-to-be-launched eMPF Platform, while HSBC, the largest provider, will be the last,...