Category: Korea

Aug 07 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Hospital Authority moves pension office to headquarters, scheme director to step down

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Hong Kong’s Hospital Authority (HA) has relocated the office of its defined-benefit pension scheme to its headquarters in Kowloon and, according to a person familiar with the matter, Doris Ho,...

Aug 06 2024

Hong Kong, Korea, Mainland, Stocks

Will Hong Kong’s proposed subdivided housing shake-up put landlords out of business?

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Plans for shake-up have also left some tenants living in subdivided flats worried about finding new homes due to ineligibility for temporary housing.

Aug 03 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s eMPF platform sees “encouraging start”

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Hong Kong’s digital platform for the Mandatory Provident Fund (MPF) had an “encouraging start” with around 60% of transactions conducted via the eMPF since the official kickoff last month, according...

Jul 31 2024

Hong Kong, Korea, Mainland, Stocks

Ex-Citigroup Sales Trader Sues for 2019 Unfair Dismissal in Hong Kong

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A former Citigroup Inc. trader in Hong Kong sued the bank for wrongful dismissal in 2019 as part of a saga that prompted regulators in 2022 to impose a $44.6...

Jul 29 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF returns drive assets to record high

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Hong Kong’s Mandatory Provident Fund scheme earned an investment return of 0.79% from March through to July 22, marking about five straight months of gains that drove the fund’s assets...

Jul 29 2024

Hong Kong, Korea, Mainland, Stocks

China Life and YF Life to start cutting fees for members as eMPF reform gets rolling

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The first two MPF providers to join the electronic platform will soon cut fees for their members, as the reform starts to save costs for 4.75 million members of Hong...

Jul 27 2024

Hong Kong, Korea, Mainland, Stocks

Mandatory Provident Fund (MPF)

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2 May 2024 – 6:21PM Hong Kong’s MPF to launch electronic platform in June in major overhaul The Mandatory Provident Fund, Hong Kong’s pension-fund operator, will launch its electronic platform...

Jul 27 2024

Hong Kong, Korea, Mainland, Stocks

‘Circle the wagons’ — state pension funds are dumping Chinese investments

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Some state lawmakers say they want to protect pension fund investments in China from becoming collateral damage in a possible Indo-Pacific conflict.

Jul 26 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme

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SINGAPORE: HSBC, the largest lender in Asia, has been fined HK$24 million (approx. S$4.15 million) by Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA). The penalty stems from HSBC’s …

Jul 26 2024

Hong Kong, Korea, Mainland, Stocks

Exiled pro-democracy Hong Kong activists blocked from accessing pensions

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Assets, including pension savings, belonging to Ted Hui (許智?), a former pro-democracy legislator who is now based in Australia, were frozen shortly after he fled from Hong Kong in December...