Category: Mainland

May 29 2024

Hong Kong, Korea, Mainland, Stocks

MUFG Pension & Market Services Inaugurates Hong Kong Office, Sets the Stage for Expansion into the Region’s Pension Market

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Rebel Jones, General Manager, Client Partnerships Asia, MUFG Retirement Solutions; Shannon Powell, Senior Trade and Investment Commissioner Hong Kong and Macau, The Australian Trade and Investment …

May 27 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF assets up, members shift into bond funds

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Wan believes withdrawals from equity funds will slow with Hong Kong’s stock market rebounding strongly this month. He advised MPF members to take a long-term perspective instead …

May 25 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong MPF: investors who switched to US stocks miss out on rally as fund rakes in HK$14,000 per member in best performance since 2017

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Hong Kong’s mandatory retirement fund put in its best performance in seven years in the first five months of 2024, though members who shifted their cash from Hong Kong and...

May 25 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong and mainland China equities lead MPF gains

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Hong Kong’s compulsory pension scheme, is expected to see a 4.02% gain in May, adding an estimated HK$41 billion in investment earnings to its average account balances. The gains were...

May 24 2024

Hong Kong, Korea, Mainland, Stocks

Kam Kee owes HK$3.1m in MPF contributions: MPFA

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The Mandatory Provident Fund Schemes Authority (MPFA) on Thursday confirmed that Kam Kee Catering Group has failed to settle around HK$3.1 million …

May 24 2024

Hong Kong, Korea, Mainland, Stocks

Major Hong Kong restaurant chain sued over failure to pay HK$3.1 million in staff pension contributions on time

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Unpaid February and March pension contributions amounting to HK$3.1 million from Kam Kee Holdings affect almost 1,000 staff, MPF Schemes Authority says …

May 20 2024

Hong Kong, Korea, Mainland, Stocks

CPF (SG) Vs 401(k) (US) Vs MPF (HK) Vs EPF (MY): What’s The Difference Between Singapore’s CPF & Other Retirement Systems Globally

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Retirement systems aim to assist citizens in saving and investing for higher returns in order to meet their retirement needs during their golden years.

May 18 2024

Hong Kong, Korea, Mainland, Stocks

Senior Hong Kong police officer jailed for 6½ years over HK$26 million mortgage fraud

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Judge opts to reduce Superintendent Harbour Chan’s starting sentence by six months to reflect his ‘contribution to society’.

May 13 2024

Hong Kong, Korea, Mainland, Stocks

Singapore robo adviser Syfe teams up with Manulife to develop advisory tool for Hong Kong’s MPF

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Singapore robo adviser Syfe and Canadian insurer Manulife Financial Corp have, in a “groundbreaking collaboration”, launched a digital advisory tool for members of Hong Kong’s Mandatory Provident Fund …

May 11 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong tutoring chain vows to offer refunds after sudden closure leaves parents in lurch

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Little Frog Learning Centre cites ‘internal issues’ as reason for class suspensions and apologises to parents Spokesman for Mandatory Provident Fund Schemes Authority says chain failed to make …