Category: Uncategorized

Apr 13 2023

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170,000 Hongkongers receive HK$5,000 voucher handouts after appealing exclusion from scheme over emigration

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Nearly 70 per cent of the 250,000 applicants who were initially rejected from the government’s consumption voucher scheme last year have received HK$5,000 handouts after appealing the decision to …

Apr 13 2023

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HSBC under fire over Hong Kong pensions: Bank accused of blocking those who fled crackdown from accessing funds

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HSBC is among several global blocking access to the pensions of thousands of Hong Kongers who left to escape a brutal political crackdown.

Apr 13 2023

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Hong Kong emigrants to UK blocked from accessing £2.2bn in pensions

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Tens of thousands of Hongkongers who moved to the UK are being blocked from accessing as much as £2.2bn of pension assets, as activists accuse the city’s government of retaliating...

Apr 08 2023

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Hong Kong’s Mandatory Provident Fund rides market rally for best quarter in 4 years, with each member earning HK$9,100

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Hong Kong’s Mandatory Provident Fund (MPF), the compulsory retirement scheme that covers 4.7 million members in the city, reported its best first-quarter result in four years. The 413 investment funds...

Apr 08 2023

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Social Insurance in Hong Kong

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Mandatory Provident Fund (MPF) is a retirement scheme introduced on … For a monthly-paid employee, the current minimum and maximum relevant income levels are HK$7,100 and HK$30,000 respectively.

Apr 05 2023

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AMTD IDEA Group’s Retirement Fund (Mandatory Provident Fund, “MPF”) Schemes Achieved Five Awards from MPF Ratings

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NEW YORK & SINGAPORE & HONG KONG–(BUSINESS WIRE)–AMTD IDEA Group (NYSE … The five awards include: “1 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)”; “1 Year Consistent Performer...

Apr 05 2023

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PAAMC HK Wins Two Awards At Bloomberg Businessweek Top Fund Awards 2022

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Ping An of China Asset Management (Hong Kong) Company Limited (‘PAAMC HK … in three categories – Mutual Funds, ETFs and Mandatory Provident Funds. The Awards apply a Bloomberg data-driven...

Apr 05 2023

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Hong Kong fund plans to raise $100 million for crypto investment

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As Hong Kong is again opening up to the crypto market, local investors are launching a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will...

Apr 05 2023

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Think long-term

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Last year’s market volatility triggered by inflation and higher interest rates wiped out almost 17% of the assets of top pension funds. Hong Kong’s Mandatory Provident Fund, for instance, suffered...

Apr 05 2023

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AMTD IDEA Group’s Retirement Fund (Mandatory Provident Fund, “MPF”) Schemes Achieved Five Awards from MPF Ratings

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The five awards include: “1 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)”; “1 Year … in supporting the maximisation of Hong Kong’s retirement savings.