Category: Hong Kong

Oct 24 2024

Hong Kong, Korea, Mainland, Stocks

Mandatory pension contributions for foreign workers in Malaysia? A look at other countries that have implemented similar schemes

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Come 2025, Malaysia would join the ranks of countries that have opted for compulsory coverage of employment-based pension savings schemes for legal foreign workers residing in the country. Why is...

Oct 20 2024

Hong Kong, Korea, Mainland, Stocks

Hongkongers embrace mainland retirement, while mainland seniors battle pension problems

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While high costs in Hong Kong push seniors to seek a more affordable life in Guangdong, mainland residents must contend with the threat of inadequate pensions. The programme Money Mind...

Oct 17 2024

Hong Kong, Korea, Mainland, Stocks

HK Policy Address 2024: New HK$5k monthly subsidy for elderly to live in Guangdong care homes

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The Hong Kong government will offer a monthly subsidy of HK$5,000 to up to 1,000 elderly social security recipients if they want to move to care homes in China’s Guangdong...

Oct 16 2024

Hong Kong, Korea, Mainland, Stocks

Taiwanese general stripped of military pension after standing for Chinese national anthem

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The Chinese military has been seen ramping drills, which has skyrocketed fears of a potential looming invasion of Taiwan.

Oct 14 2024

Hong Kong, Korea, Mainland, Stocks

Spark Deep Dive: China raises retirement age due to pressure from ageing population

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Birth rates are falling and life expectancy is rising, meaning the country does not have enough young workers.

Oct 14 2024

Hong Kong, Korea, Mainland, Stocks

Deep Dive: China raises retirement ages as birth rate drops and ageing population grows

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China will raise its retirement age as it battles an economic slump and pressure from an ageing population. The retirement age for men will rise from 60 to 63 and...

Oct 10 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong launches e-platform for pension scheme

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The Mandatory Provident Fund Schemes Authority (‘MPFA’) has commenced a major overhaul of the Hong Kong pensions system with the launch of the …

Oct 09 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MTR Corporation accuses Physical of owing it HK$2.8 million in rent and fees

by News Desk

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Corporation is seeking to recover HK$320,000, the sum remaining after deducting HK$2.48 million deposit paid by now-defunct gym chain in 2021.

Oct 08 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF on track to achieve HK$150 billion annual investment earnings

by News Desk

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Hong Kong’s Mandatory Provident Fund (MPF) earned an investment income of HK$148.8 billion (US$19.12 billion) year-to-date as of September and is expected to reach the HK$150 billion mark in annual...

Oct 05 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF members each gain HK$31,300 windfall, best showing in 7 years

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Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.