Category: Stocks

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...

Jul 29 2024

Hong Kong, Korea, Mainland, Stocks

China Life and YF Life to start cutting fees for members as eMPF reform gets rolling

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The first two MPF providers to join the electronic platform will soon cut fees for their members, as the reform starts to save costs for 4.75 million members of Hong...

Jul 27 2024

Hong Kong, Korea, Mainland, Stocks

Mandatory Provident Fund (MPF)

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2 May 2024 – 6:21PM Hong Kong’s MPF to launch electronic platform in June in major overhaul The Mandatory Provident Fund, Hong Kong’s pension-fund operator, will launch its electronic platform...