Category: Stocks

Apr 27 2024

Phoenix Energy sold to Hong Kong billionaire

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Phoenix Energy is being sold to a consortium associated with one of Hong Kong’s wealthiest businessmen. Phoenix owns and operates the largest natural gas distribution network in Northern Ireland, …

Apr 26 2024

Hong Kong, Korea, Mainland, Stocks

UPDATE 2-Hong Kong’s

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April 25 – A consortium of Hong Kong’s CK Infrastructure, CK Asset, and Power Assets will acquire a Northern Ireland gas distribution network operator, Phoenix Energy, for an enterprise value...

Apr 26 2024

Hong Kong, Korea, Mainland, Stocks

Investor group says Japanese firms’ strategic shareholdings ‘should be in principle zero’

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Japanese firms should reduce their “strategic shareholdings” to improve resource allocation, which is key to Japan’s economic revival, the Asian Corporate Governance Association (ACGA) said.

Apr 20 2024

Hong Kong, Korea, Mainland, Stocks

HKIA takes action against ethical breach by agent

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This is the 7th case the HKIA reprimanded an insurance practitioner. Hong Kong’s Insurance Authority (HKIA) has taken disciplinary action against Chiu Kin Fung Jacky, an individual insurance agent and...

Apr 18 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong insurance agent suspended for forgery and impersonation

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The Hong Kong Insurance Authority (IA) has issued a 10-month suspension of Chiu Kin Fung Jacky’s license as an insurance agent and mandatory provident fund (MPF) intermediary. This decision comes...

Apr 14 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF posts first positive financial year return since 2020/21

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The MPF’s return for the 12 months to March was 1.93%. Its last positive return was in the financial year ended March 2021. The retirement scheme had around HK$1.18 trillion...

Apr 11 2024

Hong Kong, Korea, Mainland, Stocks

Scam alerts ignored by up to 30% of users of Hong Kong’s Faster Payment System for bank transfers

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Police say 505,000 scam alerts sent to users of Faster Payment System (FPS) between launch of warning system in November and March.

Apr 10 2024

Hong Kong, Korea, Mainland, Stocks

HKMA CEO says Hong Kong considering ‘deepening’ some connect schemes with China

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Hong Kong Monetary Authority (HKMA) is considering deepening some investment connection schemes between the city and mainland China, CEO Eddie Yue said on Tuesday. Yue told the HSBC Global Investment...

Apr 09 2024

Hong Kong, Korea, Mainland, Stocks

MPF: Hong Kong retirement fund delivers 2.47% gain in first quarter with super rallies in US, Japan equity markets

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Funds focused on Japanese and US equities performed best among all 413 funds in the retirement scheme, at 12.30 and 9.82 per cent, respectively Hong Kong and China stock funds...

Apr 05 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong High Court: Employer rejects ex-director’s multi-million-dollar claim for unpaid wages

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Hong Kong’s High Court recently dealt with a case involving a worker’s claims against their employer for unpaid director’s fees, wages, and other emoluments. The employer, in turn, filed counterclaims...