Category: Hong Kong

Jun 22 2024

Hong Kong, Korea, Mainland, Stocks

23 arrested over fake loan requests for HK$31 million from Hong Kong Covid relief schemes

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Syndicates targeted government-back schemes offering low-interest loans to businesses and private individuals affected by Covid pandemic Hong Kong police have arrested 23 suspects in a crackdown …

Jun 20 2024

Hong Kong, Korea, Mainland, Stocks

Canadian pension fund OTPP trims venture growth team for Asia

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Canada’s third largest pension fund, said it has laid off four dealmakers in Hong Kong on its Asia venture and growth equity investment team, which will now focus on India.

Jun 18 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong police arrest 25 for allegedly cashing out HK$5.7 million in MPF funds illegally

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Suspects are accused of prematurely claiming amounts from HK$2,000 to HK$600,000, a few with the help of rogue middle men.

Jun 16 2024

Hong Kong, Korea, Mainland, Stocks

More work ahead to help retirees in Hong Kong with meagre nest eggs

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From making better use of human resources to offering better retirement protection, a holistic review of retirement planning is needed.

Jun 15 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong police may unfreeze charity bank account if funds used to run school

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Christian Zheng Sheng Association, which runs school, cuts ties with founder and principal, changes tack after heated words with authorities.

Jun 13 2024

Hong Kong, Korea, Mainland, Stocks

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

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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

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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

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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

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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

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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...