Category: Korea

Feb 25 2025

Hong Kong, Korea, Mainland, Stocks

Why wealthy individuals prefer Hong Kong insurance policies for inheritances

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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

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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

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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

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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

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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...

Feb 13 2025

Hong Kong, Korea, Mainland, Stocks

CGSI expects ‘positive share price movement’ for iFast after 4QFY2024 earnings beat

by News Desk

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Fast recorded 4QFY2024 patmi of $19.3 million, up 15% q-o-q and up 46% y-o-y. This was 10% above CGSI’s already-bullish forecasts, and 17% above consensus estimates.

Feb 09 2025

Hong Kong, Korea, Mainland, Stocks

Standard Chartered blocks Hong Kong exiles from accessing pensions

by News Desk

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The bank has frozen £20 million of savings of British National (Overseas) passport holders who fled repressive national security laws.

Feb 08 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong green financing steering group unveils 2025 priorities

by News Desk

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The group group is led by the HKMA and the SFC. The Green and Sustainable Finance Cross-Agency Steering Group announced three key priorities for this year to foster the growth...