Category: Hong Kong

Jun 13 2024

Hong Kong, Korea, Mainland, Stocks

The Best and Worst Retirement Pensions Around the World — How Does Yours Stack Up?

by News Desk

No Comments

Government pensions form a big part of retirement income for many people. Current retirees rely on those still in the workforce to contribute to the country’s pension system, which funds...

Jun 13 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong government cancels passports of wanted activist Nathan Law, 5 other fugitives

by News Desk

No Comments

Hong Kong’s security minister has cancelled the passports of … such as making mandatory payments to employees’ pension funds. Fok and Choi are known for operating the current affairs commentary...

Jun 10 2024

Hong Kong, Korea, Mainland, Stocks

Fired Hong Kong prosecutor accuses disciplinary hearing of ‘bias’ towards civil service

by News Desk

No Comments

Prosecutor lost job and pension entitlement after he accused police of lying and asked colleagues to mark anniversary of Tiananmen Square crackdown in emails.

Jun 06 2024

Hong Kong, Korea, Mainland, Stocks

Many Hongkongers must work past retirement age as they face US$300,000 shortfalls in their average pension savings: Schroders survey

by News Desk

No Comments

The average Hongkonger faces a HK$2.4 million (US$300,000) gap between their expected post-retirement expenses and the money available in their pension funds, according to a survey released on Tuesday …

Jun 05 2024

Hong Kong, Korea, Mainland, Stocks

Hongkongers face US$300,000 shortfall in their pension savings as they look to work beyond retirement age, Schroders survey

by News Desk

No Comments

Morgan said Hong Kong people should start their retirement planning as early … Lau urged the MPF members to take a diverse approach and a long-term view. The city’s compulsory...

Jun 01 2024

Hong Kong, Korea, Mainland, Stocks

Can the over 65s survive on MPF savings?

by News Desk

No Comments

Phasing-out retirement is a practical option, said Chan, citing the German model whereby employers can reduce the intensity placed on employees aged 65-plus to enable them to continue working until...

May 29 2024

Hong Kong, Korea, Mainland, Stocks

Business-First Hong Kong Now Comes With a Catch: Beijing Politics

by News Desk

No Comments

The city, promised some autonomy by China, is trying to move on from a security law imposed by Beijing. Companies are learning that’s not always possible.

May 29 2024

Hong Kong, Korea, Mainland, Stocks

MUFG Pension & Market Services Inaugurates Hong Kong Office, Sets the Stage for Expansion into the Region’s Pension Market

by News Desk

No Comments

Rebel Jones, General Manager, Client Partnerships Asia, MUFG Retirement Solutions; Shannon Powell, Senior Trade and Investment Commissioner Hong Kong and Macau, The Australian Trade and Investment …

May 27 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF assets up, members shift into bond funds

by News Desk

No Comments

Wan believes withdrawals from equity funds will slow with Hong Kong’s stock market rebounding strongly this month. He advised MPF members to take a long-term perspective instead …

May 25 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong MPF: investors who switched to US stocks miss out on rally as fund rakes in HK$14,000 per member in best performance since 2017

by News Desk

No Comments

Hong Kong’s mandatory retirement fund put in its best performance in seven years in the first five months of 2024, though members who shifted their cash from Hong Kong and...