Category: Korea

Nov 29 2024

Hong Kong, Korea, Mainland, Stocks

What Hong Kong employers need to know about the Subsidy Scheme for Abolition of MPF Offsetting Arrangement

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Eligible employers may apply for subsidies after settling severance payments and long service payments to their employees under SSA after the abolition of the offsetting arrangement on 1 May 2025.

Nov 29 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong to offer crypto tax exemption for hedge funds and family offices

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Hong Kong plans to waive tax on investment gains from cryptocurrencies and other alternative assets for hedge funds, private equity funds and certain family offices as the city strives to...

Nov 27 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s top court rules in favor of equal inheritance and housing benefits for same-sex couples

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Hong Kong’s top court has upheld earlier rulings that favored the granting of subsidized housing benefits and equal inheritance rights to same-sex couples, in a landmark victory for the city’s...

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.