Category: Korea

Nov 26 2024

Hong Kong, Korea, Mainland, Stocks

U.S. state pension divests nearly $300m from China

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NEW YORK — The Kansas state pension sold nearly $300 million of Chinese securities after the passage of a bill that directs state-managed funds to divest from what it deems...

Nov 24 2024

Hong Kong, Korea, Mainland, Stocks

Funding to help scrap MPF offset mechanism endorsed

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Lawmakers have approved HK$33.5 billion in funding to help with the abolition of the Mandatory Provident Fund (MPF) offsetting mechanism. The …

Nov 24 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong transgender woman slams HSBC for outing her with letter to employer

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Christine Chu says HSBC sent letter to employer over ‘discrepancies’ in its records, despite receiving copy of Chu’s updated identity card.

Nov 23 2024

Hong Kong, Korea, Mainland, Stocks

Texas Gov. Greg Abbott directs all state agencies to divest from China

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Texas Gov. Greg Abbott has directed all state agencies to divest from investments in China.

Nov 23 2024

Hong Kong, Korea, Mainland, Stocks

Texas governor orders state agencies to sell China assets over Beijing’s ‘belligerent actions’

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A teachers’ retirement fund has some US$1.4 billion in exposure to Chinese yuan and Hong Kong dollar assets. Read more at straitstimes.com.

Nov 21 2024

Hong Kong, Korea, Mainland, Stocks

Blackstone to train Hong Kong wealth managers as private assets gain investor favour

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Alternative asset manager launches Blackstone University programme along with Private Wealth Management Association.

Nov 20 2024

Hong Kong, Korea, Mainland, Stocks

More reforms set to boost HK financial hub status

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China’s Vice-Premier He Lifeng says Hong Kong will further deepen financial reform and innovation to enhance its financial competitiveness.

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...