Category: Korea

Mar 22 2025

Hong Kong, Korea, Mainland, Stocks

Understanding the Impact of Canceling MPF Offsetting: Key Changes Ahead in May 2025

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The MPF offsetting mechanism enabled employers to offset severance payments or long service payments with the accrued benefits from their mandatory MPF contributions. With the abolition of this …

Mar 22 2025

Hong Kong, Korea, Mainland, Stocks

Canadian pension giant to close Hong Kong office, shift some staff to Singapore

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HONG KONG – Ontario Teachers’ Pension Plan is planning to shut down its Hong Kong office and shift some staff to Singapore as it pares its exposure to China, according...

Mar 21 2025

Hong Kong, Korea, Mainland, Stocks

Ontario Teachers’ Pension to leave Hong Kong amid dearth of deals, geopolitical risks

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Ontario Teachers’ Pension Plan, the third-largest pension fund in Canada, is shutting down its Hong Kong office as it reduces its exposure to the region amid a dearth of deals...

Mar 21 2025

Hong Kong, Korea, Mainland, Stocks

Ontario Teachers’ Pension Plan to close Hong Kong office

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Ontario Teachers’ Pension Plan, Toronto, plans to shut down its office in Hong Kong and wind down operations there over the next 18 months, confirmed a spokesperson for the pension...

Mar 20 2025

Hong Kong, Korea, Mainland, Stocks

Ontario Teachers’ Pension Plan closes Hong Kong office

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The $256-billion pension fund is looking to streamline its operations in Asia by focusing on its offices in Singapore and Mumbai, a spokesperson said …

Mar 20 2025

Hong Kong, Korea, Mainland, Stocks

Regulatory changes boost Hong Kong trust industry

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Hong Kong’s trust industry is well-positioned for further growth amid its easy access to Chinese mainland clients, Asia’s growing private wealth sector, and a robust regulatory environment.

Mar 15 2025

Hong Kong, Korea, Mainland, Stocks

ETFs set to be high on the menu for Hong Kong pension funds

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The eMPF, a digital version of the territory’s Mandatory Provident Fund retirement scheme launched in June 2024 after years of development, with all of Hong Kong’s 24 retirement saving schemes...

Mar 14 2025

Hong Kong, Korea, Mainland, Stocks

Citi Sued by More Ex-Sales Traders Over 2019 Hong Kong Firing

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Three former Citigroup Inc. equity sales traders filed wrongful termination claims against the US bank in Hong Kong this month, after a court in the city ruled that one of...

Mar 13 2025

Hong Kong, Korea, Mainland, Stocks

5 ways Hong Kong would benefit from a universal pension scheme

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Readers discuss why the city should invest in social infrastructure, the advantage of shorter working hours, and the HK$2 fare concession Feel strongly about these letters, or any other aspects...

Mar 12 2025

Hong Kong, Korea, Mainland, Stocks

Jim Banks Introduces Bill to Prevent Pension Plans from Investing in Chinese Companies

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The bill would prohibit American 401 (k)s and other retirement plans from funding companies based in China, Russia, Iran, and other adversarial countries.