Category: Mainland

May 03 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong employers warned against replacing staff with new recruits: reports

by News Desk

No Comments

Employers across Hong Kong have been advised against replacing their existing staff with new recruits following the abolishment of the offsetting mechanism under the Mandatory Provident Fund (MPF) …

May 03 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong minimum wage rises to HK$42.10 as use of pension funds for severance pay ends

by News Desk

No Comments

Hong Kong has raised its statutory minimum wage to HK$42.10, coinciding with the official end of a controversial arrangement that allowed firms to dip into pension funds for severance payments....

May 02 2025

Hong Kong, Korea, Mainland, Stocks

Fired, rehired? How Hong Kong bosses plan to save money as MPF mechanism ends

by News Desk

No Comments

Employers can no longer dip into staff pensions to cover severance and long-service payments, as firms deploy strategies to mitigate impact.

May 02 2025

Hong Kong, Korea, Mainland, Stocks

iFast slips despite 31.2% higher net profit in 1QFY2025; analysts cut targets

by News Desk

No Comments

Fast chairman and CEO Lim Chung Chun said he “did expect some negative reaction on the share price” but the 12% drop on April 28 was greater than expected.

May 01 2025

Hong Kong, Korea, Mainland, Stocks

Putting Hong Kong’s workers first on this Labour Day

by News Desk

No Comments

A minimum wage rise and the end of employer rights to claw back contributions from pensions for severance and long service are taking effect Unlike previously, when May 1 was...

Apr 30 2025

Hong Kong, Korea, Mainland, Stocks

iFast plunges 12% after cutting its Hong Kong profit guidance

by News Desk

No Comments

SINGAPORE] iFast shares plunged as much as 12 per cent on Monday (Apr 28) morning, after the investment platform operator revised its Hong Kong operations’ profit target and reported first-quarter...

Apr 28 2025

Hong Kong, Korea, Mainland, Stocks

UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says

by News Desk

No Comments

British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on …

Apr 28 2025

Hong Kong, Korea, Mainland, Stocks

Independent Hong Kong media outlet Channel C halts operations after arrest, owes HK$230k in pension contributions

by News Desk

No Comments

Independent media outlet Channel C has halted operations a week after police arrested a director at the outlet’s parent company for alleged government loan fraud.

Apr 26 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong pension fund assets drop $5.6 billion in April selloff

by News Desk

No Comments

Hong Kong’s benchmark stock index has dropped more than 5% this month while the S&P 500 has slid more than 2%, after U.S. President Donald Trump unveiled a range of...

Apr 24 2025

Hong Kong, Korea, Mainland, Stocks

Lawmakers call for rise in income thresholds for MPF

by News Desk

No Comments

Unionists called on Wednesday for adjustments to income levels for mandatory provident fund (MPF) contributions so people can enjoy better …