Category: Mainland

Sep 07 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Physical fitness chain shuts after 38 years, blaming high rents

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Move comes after Hong Kong’s pension regulator demands Physical settle HK$3 million in outstanding contributions for 740 employees.

Sep 02 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Physical gym chain warned to pay HK$3 million in MPF arrears or face legal action

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Physical is second gym chain in under two weeks to slip into trouble after rival Pure Fitness was accused of not paying rent for Central branch.

Aug 19 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s pension regulator to give members bigger say in picking providers, investments

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The MPFA’s reforms will allow members to choose providers, widen Reit investment choices and implement the ‘whole-free walk’ scheme Hong Kong will undertake further reforms to the Mandatory Provident …

Aug 16 2024

Hong Kong, Korea, Mainland, Stocks

Hang Seng Mandatory Provident Fund – SuperTrust Plus MPF Conservative Fund (0P00008SPS.HK)

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After a small-cap fund took first last quarter, large-cap growth funds rode most of the “Magnificent Seven” to dominate the latest survey. Only 15 of 1,218 funds lost money. Funds...

Aug 11 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong firm warned over late payment of HK$1.6 million in pension contributions

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Retirement fund watchdog tells Hi-Speed Supply Chain subsidiary to stump up HK$1.6 million in pension contributions or face legal action.

Aug 07 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Hospital Authority moves pension office to headquarters, scheme director to step down

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Hong Kong’s Hospital Authority (HA) has relocated the office of its defined-benefit pension scheme to its headquarters in Kowloon and, according to a person familiar with the matter, Doris Ho,...

Aug 06 2024

Hong Kong, Korea, Mainland, Stocks

Will Hong Kong’s proposed subdivided housing shake-up put landlords out of business?

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Plans for shake-up have also left some tenants living in subdivided flats worried about finding new homes due to ineligibility for temporary housing.

Aug 03 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s eMPF platform sees “encouraging start”

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Hong Kong’s digital platform for the Mandatory Provident Fund (MPF) had an “encouraging start” with around 60% of transactions conducted via the eMPF since the official kickoff last month, according...

Jul 31 2024

Hong Kong, Korea, Mainland, Stocks

Ex-Citigroup Sales Trader Sues for 2019 Unfair Dismissal in Hong Kong

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A former Citigroup Inc. trader in Hong Kong sued the bank for wrongful dismissal in 2019 as part of a saga that prompted regulators in 2022 to impose a $44.6...

Jul 29 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF returns drive assets to record high

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Hong Kong’s Mandatory Provident Fund scheme earned an investment return of 0.79% from March through to July 22, marking about five straight months of gains that drove the fund’s assets...