Category: Stocks

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...

Jan 08 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF investments return the most since 2020

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Hong Kong’s Mandatory Provident Fund posted an investment gain of HK$102.4 billion (US$13.11 billion) in the year just ended for a return of 8.82%, the best since 2020, as its...

Jan 07 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s nest egg fund gained 13% in 2024, at the best pace in 4 years for pensioners

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The 4.75 million members of Hong Kong’s Mandatory Provident Fund (MPF) enjoyed a 13 per cent increase in their pension assets in 2024 thanks to the best investment returns in...