Category: Korea

Nov 07 2024

Hong Kong, Korea, Mainland, Stocks

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

by News Desk

No Comments

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

by News Desk

No Comments

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

by News Desk

No Comments

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’

by News Desk

No Comments

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

by News Desk

No Comments

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

by News Desk

No Comments

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

by News Desk

No Comments

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...

Oct 16 2024

Hong Kong, Korea, Mainland, Stocks

Taiwanese general stripped of military pension after standing for Chinese national anthem

by News Desk

No Comments

The Chinese military has been seen ramping drills, which has skyrocketed fears of a potential looming invasion of Taiwan.

Oct 14 2024

Hong Kong, Korea, Mainland, Stocks

Spark Deep Dive: China raises retirement age due to pressure from ageing population

by News Desk

No Comments

Birth rates are falling and life expectancy is rising, meaning the country does not have enough young workers.

Oct 14 2024

Hong Kong, Korea, Mainland, Stocks

Deep Dive: China raises retirement ages as birth rate drops and ageing population grows

by News Desk

No Comments

China will raise its retirement age as it battles an economic slump and pressure from an ageing population. The retirement age for men will rise from 60 to 63 and...