Category: Korea

Feb 27 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong cutting 10,000 civil service jobs – is it enough to turn its finances around?

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Finance chief seeks to rein in spending, but keeps up investments in city’s future. Read more at straitstimes.com.

Feb 26 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF supervisor issues disclosure rules for ESG funds

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Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) has issued new rules requiring better disclosures for environmental, social and governance funds in Mandatory Provident Fund schemes.

Feb 25 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong raises ESG disclosure standards for MPF managers

by News Desk

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Hong Kong’s pension regulator said money managers would need to raise their disclosure standards on environment, social and governance (ESG) funds to help contributors understand their risk management …

Feb 25 2025

Hong Kong, Korea, Mainland, Stocks

Why wealthy individuals prefer Hong Kong insurance policies for inheritances

by News Desk

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Insurance policies were becoming a popular choice for wealthy individuals in Asia, including the Greater Bay Area, for estate planning to avoid family disputes and achieve stable growth, according to...

Feb 23 2025

Hong Kong, Korea, Mainland, Stocks

HSBC hauled over coals on Hong Kong scandal

by News Desk

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The bank is sitting on £978 million of savings owed to tens of thousands living in the UK after they escaped a crackdown on pro-democracy activists by China.

Feb 20 2025

Hong Kong, Korea, Mainland, Stocks

HSBC hit by fresh Hong Kong row: Bank accused of ‘shrugging its shoulders’ in the face of Chinese oppression

by News Desk

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Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who have fled Hong Kong.

Feb 19 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong MPF industry supervisor forms expert group for eMPF

by News Desk

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Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) has formed an expert group to help smoothen the second phase of migration of trustees onto the eMPF centralised digital platform.

Feb 18 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s public school pension funds’ returns jump on US stock gains

by News Desk

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Hong Kong’s two largest pension funds for teachers and staff of public schools more than doubled returns from investments, thanks to US stock price gains driven by strong corporate earnings...

Feb 17 2025

Hong Kong, Korea, Mainland, Stocks

Next phase of Hong Kong’s eMPF reform to start in March with more providers, enhancements

by News Desk

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Bank of East Asia, Principal Trust Company and two other providers are set to join the pension plan’s digital platform as it scales up.

Feb 14 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong educators took out HK$8.7 billion in pension funds in past academic year

by News Desk

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Figure represents drop from peak of HK$10.7 billion in 2021-22, in sign that manpower crunch in sector is easing Hong Kong public school teachers and principals took out HK$8.7 billion...