Category: Stocks

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Lawmakers review plan to raise retirement age in fast-greying China

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China’s top legislative body this week assessed an official plan to delay the country’s retirement age, among the world’s lowest, taking a key step towards changing decades-old labour laws and...

Sep 11 2024

Hong Kong, Korea, Mainland, Stocks

Chinese Policymakers Discuss Proposal to Delay Retirement Age

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Reform is urgent with life expectancy in China rising to 78 years by 2021 from about 44 years in 1960, and projected to exceed 80 years by 2050. “It is...

Sep 10 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong gym chain Physical Fitness ‘temporarily’ shuts down after HK$3 million unpaid pensions payments

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Hong Kong gym chain Physical Fitness has announced a “temporary closure” citing high rents, after pensions authorities warned of legal action against the fitness company over HK$3 million outstanding …

Sep 10 2024

Hong Kong, Korea, Mainland, Stocks

Claims against Hong Kong gym chain Physical Fitness reach HK$31m as 8 personal trainers take case to police

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Hong Kong’s consumer watchdog has received 1,000 complaints with claims amounting to about HK$31 million against gym chain Physical Fitness, days after the company announced a “temporary shutdown.” …

Sep 09 2024

Hong Kong, Korea, Mainland, Stocks

The Post breaks down the gym’s financial woes and what safeguards are available to its members

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Hong Kong gym chain Physical announced on Friday that it would shut down after 38 years in business, citing a need to restructure its business. The closure followed a demand...

Sep 09 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Physical Fitness could permanently close

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Physical Fitness serves over 500,000 people across 23 locations, but that could all end if it doesn’t pay its overdue $3 million MPF.

Sep 08 2024

Hong Kong, Korea, Mainland, Stocks

HK people head for less-than-dream retirement

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With Hong Kong’s population having one of the world’s longest life expectancies, almost half (46%) of Hong Kong investors are concerned that they do not have sufficient funds to support...

Sep 08 2024

Hong Kong, Korea, Mainland, Stocks

Staff, consumers complain about gym closure

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The Consumer Council has received dozens of complaints relating to the closure of Physical Fitness and called on the gym chain to get in touch with …

Sep 07 2024

Hong Kong, Korea, Mainland, Stocks

What led to Hong Kong’s Physical gym chain closure and how clients can protect themselves

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The Post breaks down the gym’s financial woes and what safeguards are available to its members Hong Kong gym chain Physical announced on Friday that it would shut down after...

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.