Category: Mainland

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’

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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.

Jan 25 2025

Hong Kong, Korea, Mainland, Stocks

Year of the Snake: Hongkongers’ MPF investments to face volatility, analysts say

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Sterling returns during the Year of the Dragon will be hard to repeat, with US-China trade relations as an X factor, according to experts The Year of the Snake promises...

Jan 24 2025

Hong Kong, Korea, Mainland, Stocks

MPFA Consults LAB on Proposed Upward Tweak of Upper/ Lower Limits of Contribution Income by $3,000: Sources

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The Mandatory Provident Fund Schemes Authority (MPFA), having consulted representatives of both employers and employees recently, proposed initially that the minimum level of relevant income for MPF …

Jan 17 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s shuttered Physical gym chain owner sells 4 flats at over 40% discount

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Disposal involved four units at Park Haven development in Causeway Bay, which were sold by Physical owner Luk Ngai-keung.

Jan 14 2025

Hong Kong, Korea, Mainland, Stocks

Cross-border retirement plans could give Hongkongers access to cheaper healthcare: experts

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Hong Kong has an ageing population, a low birth rate and many retirees are financially unprepared for the future, experts say.

Jan 14 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF posts 8.6% investment return in “favourable” 2024

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Hong Kong’s Mandatory Provident Fund (MPF) investments had a “favourable” 2024 with a “good” return of 8.6% driven by equity funds, more than double the 3.4% earned in the prior...

Jan 11 2025

Hong Kong, Korea, Mainland, Stocks

China’s Pension Crisis Deepens With Boycott From Millions of Youth

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For Beijing, the ramifications go beyond the lost billions in tourism dollars. It undercuts President Xi Jinping’s call for more people-to-people exchanges, and is a missed opportunity to change much...