Category: Mainland

Sep 14 2024

Hong Kong, Korea, Mainland, Stocks

For decades, Chinese workers have retired relatively early. That’s about to change

by News Desk

No Comments

Hong Kong (CNN) — For decades, Chinese workers have wrapped up … also lay out plans to extend the minimum working period for employees to receive a monthly pension from...

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Complaints about Physical Fitness surge as shuttered Hong Kong gym chain’s Wan Chai branch rebrands as Healthy

by News Desk

No Comments

A banner for wellness brand Healthy has been erected outside what was until a week ago the Wan Chai branch of gym chain Physical Fitness, as complaints surged following the...

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Lawmakers review plan to raise retirement age in fast-greying China

by News Desk

No Comments

China’s top legislative body this week assessed an official plan to delay the country’s retirement age, among the world’s lowest, taking a key step towards changing decades-old labour laws and...

Sep 11 2024

Hong Kong, Korea, Mainland, Stocks

Chinese Policymakers Discuss Proposal to Delay Retirement Age

by News Desk

No Comments

Reform is urgent with life expectancy in China rising to 78 years by 2021 from about 44 years in 1960, and projected to exceed 80 years by 2050. “It is...

Sep 10 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong gym chain Physical Fitness ‘temporarily’ shuts down after HK$3 million unpaid pensions payments

by News Desk

No Comments

Hong Kong gym chain Physical Fitness has announced a “temporary closure” citing high rents, after pensions authorities warned of legal action against the fitness company over HK$3 million outstanding …

Sep 10 2024

Hong Kong, Korea, Mainland, Stocks

Claims against Hong Kong gym chain Physical Fitness reach HK$31m as 8 personal trainers take case to police

by News Desk

No Comments

Hong Kong’s consumer watchdog has received 1,000 complaints with claims amounting to about HK$31 million against gym chain Physical Fitness, days after the company announced a “temporary shutdown.” …

Sep 09 2024

Hong Kong, Korea, Mainland, Stocks

The Post breaks down the gym’s financial woes and what safeguards are available to its members

by News Desk

No Comments

Hong Kong gym chain Physical announced on Friday that it would shut down after 38 years in business, citing a need to restructure its business. The closure followed a demand...

Sep 09 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Physical Fitness could permanently close

by News Desk

No Comments

Physical Fitness serves over 500,000 people across 23 locations, but that could all end if it doesn’t pay its overdue $3 million MPF.

Sep 08 2024

Hong Kong, Korea, Mainland, Stocks

HK people head for less-than-dream retirement

by News Desk

No Comments

With Hong Kong’s population having one of the world’s longest life expectancies, almost half (46%) of Hong Kong investors are concerned that they do not have sufficient funds to support...

Sep 08 2024

Hong Kong, Korea, Mainland, Stocks

Staff, consumers complain about gym closure

by News Desk

No Comments

The Consumer Council has received dozens of complaints relating to the closure of Physical Fitness and called on the gym chain to get in touch with …