Category: Korea

Dec 11 2024

Hong Kong, Korea, Mainland, Stocks

Oklahoma Teachers to unwind Hong Kong investments per governor’s order

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Oklahoma Teachers’ Retirement System, Oklahoma City, is taking steps to comply with Governor Kevin Stitt’s executive order to protect state assets at risk of being frozen, seized or appropriated by...

Dec 08 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong to Waive Tax on Crypto Gains for Sophisticated Investors

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Hong Kong’s proposal also includes tax exemptions to pension and endowment funds, expanding the range of assets covered under existing law.

Dec 06 2024

Hong Kong, Korea, Mainland, Stocks

China Mobile & I Squared Capital spark bidding war for HKBN

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Bloomberg reported earlier this week that global infrastructure fund I Squared Capital had made a proposal to acquire all of the outstanding shares in HKBN via its portfolio compa …

Dec 03 2024

Hong Kong, Korea, Mainland, Stocks

Korea pension fund NPS posts higher nine-month return on foreign stock gains

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Korea’s National Pension Service (NPS) earned 9.18% return on its investments in the first nine months of 2024, mainly driven by gains in foreign stocks. The return was up from...

Dec 03 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong launches panda sculpture tour as the city hopes the bear craze boosts tourism

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Thousands of giant panda sculptures will greet residents and tourists starting on Saturday in Hong Kong, where enthusiasm for the bears has grown since two cubs were born in a...

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 …