Category: Korea

Feb 17 2025

Hong Kong, Korea, Mainland, Stocks

Next phase of Hong Kong’s eMPF reform to start in March with more providers, enhancements

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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

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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

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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

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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

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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...

Feb 07 2025

Hong Kong, Korea, Mainland, Stocks

Are costs rising in Hong Kong? Inflation stays low but households say differently

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Hongkongers bitten by higher prices have taken to shopping across the border or exchanging used items For Hong Kong guide dog trainer Margaret To*, an online mothers’ support group has...

Feb 04 2025

Hong Kong, Korea, Mainland, Stocks

HSBC warning as thousands locked out of pensions with no access to savings

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HSBC is refusing to transfer £978million in pension savings belonging to thousands of Hong Kong exiles who have fled to Britain. The FTSE 100 bank is withholding funds from tens...

Feb 04 2025

Hong Kong, Korea, Mainland, Stocks

HSBC blocks pensions for ‘tens of thousands of people’

by News Desk

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The FTSE 100 bank – which is rivalled by the likes of Santander, Lloyds, Barclays, Natwest, Nationwide and more – is sitting on £978 MILLION in savings owed to tens...

Feb 02 2025

Hong Kong, Korea, Mainland, Stocks

HSBC blocks pensions to Hong Kong exiles

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They sought sanctuary in the UK after escaping a crackdown on pro-democracy protests and the introduction of repressive national security laws.

Jan 29 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong court orders liquidation of gym chain Physical Fitness, with 1 branch owing over HK$600 million

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A HK court has ordered Physical Fitness to wind up after it ruled the gym chain could not repay its debt, including over HK$600 million owed by one branch.