Category: Hong Kong

Nov 14 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong treasury chief vows swift response to complaints over new e-pension system

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Lawmaker Tik Chi-yuen earlier revealed more than 10,000 users had been affected by various issues since eMPF platform launched in June.

Nov 14 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong Is ‘Thriving,’ Financial Secretary Chan Says

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Hong Kong Financial Secretary Paul Chan discusses the state of the city, and the financial hub’s efforts to diversify the economy. He speaks on the sidelines of the APIC World...

Nov 11 2024

Hong Kong, Korea, Mainland, Stocks

Meet the little-known ‘collector of anecdotes’ who wrote about underexplored Hong Kong history, culture and society

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and offers no pathway to personal wealth – especially in Hong Kong – or indeed anything like a secure income or future pension plan. Described by one long-term friend as...

Nov 07 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong hedge fund firm Zeal to wind down by end-2025

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Hong Kong’s Zeal Asset Management will be wound down by the end of next year and over US$1.6 billion of capital returned to investors as the founding partners of the...

Nov 06 2024

Hong Kong, Korea, Mainland, Stocks

Canada’s CPP Investments’ head of private equity Asia leaves firm, report says

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Canadian pension fund manager CPP Investments’ head of private equity for Asia has left after ten years at the company, according to a report in Private Equity International. Citing sources,...

Oct 26 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong police arrest 11 for allegedly conducting fraud scheme for early MPF withdrawals

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Hong Kong police have arrested 11 people from a fraud syndicate that allegedly helped more than 800 residents withdraw HK$145 million (US$18.7 million) from their Mandatory Provident Fund (MPF) …

Oct 25 2024

Hong Kong, Korea, Mainland, Stocks

‘Use MPF records to counter fake qualifications’

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A concern group for construction site safety on Thursday said authorities could consider using Mandatory Provident Fund (MPF) records as a more …

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...