Category: Uncategorized

Jul 16 2022

Uncategorized

Crowds angry at disqualification from HK$5,000 consumption voucher scheme descend on Hong Kong government offices

by News Desk

No Comments

About 240,000 people disqualified from HK$5,000 consumption voucher scheme after officials rule there is no evidence they are Hong Kong residents.

Jul 14 2022

Uncategorized

Canada fund AIMCo picks Singapore over Hong Kong for Asia beachhead

by News Desk

No Comments

Alberta Investment Management Corp. is looking at Singapore rather than Hong Kong for its first office in Asia to expand its private equity group.

Jul 06 2022

Uncategorized

HK$5 million owed to workers after abrupt shutdown of restaurants, Hong Kong union says

by News Desk

No Comments

A restaurant group that abruptly shut down nine eateries last week owes workers around HK$5 million, a labour union says. Speaking on an RTHK radio show on Tuesday, the head...

Jul 06 2022

Uncategorized

Hong Kong residents’ nest eggs shrink by HK$33,300 per person as Mandatory Provident Fund posts HK$152.7 billion first-half loss

by News Desk

No Comments

The Mandatory Provident Fund (MPF) reported a loss of HK$152.7 billion in the first six months, the worst interim performance on record The loss in the compulsory pension scheme translates...

Jul 05 2022

Uncategorized

Law stopping Hong Kong bosses from raiding MPF funds to cover staff payment obligations is too little, too late, critics argue

by News Desk

No Comments

They argued abolishing the so-called offsetting mechanism under the Mandatory Provident Fund … s monthly salary to the pension fund, capped at a combined HK$3,000. Why the Hong Kong government...

Jul 05 2022

Uncategorized

What is the MPF offsetting mechanism and why are workers happy the Hong Kong government is set to scrap it?

by News Desk

No Comments

The bill sets in motion plans to scrap the so-called offsetting mechanism under the Mandatory Provident Fund (MPF … employed people with assets worth HK$1.12 trillion (US$143 billion) as …

Jul 05 2022

Uncategorized

More than 100 staff owed HK$5 million in unpaid wages, contributions after Hong Kong restaurant operator abruptly shuts down

by News Desk

No Comments

Restaurant workers’ union says it is helping affected employees of Asia Catering (Holding) Limited who are confused about Mandatory Provident Fund payments Asia Catering’s owner failed to make …

Jun 21 2022

Uncategorized

Hong Kong – MPF Investments Broadened To Include Chinese Government Bonds.

by News Desk

No Comments

Hong Kong – MPF Investments Broadened To Include Chinese Government Bonds. Legal News and Analysis – China, Hong Kong – Banking & Finance, Investment Funds – …

Jun 18 2022

Uncategorized

Hong Kong – Passes Two Important Employment-Related Bills Within One Week.

by News Desk

No Comments

Hong Kong – Passes Two Important Employment-Related Bills Within One Week. Legal News and Analysis – Hong Kong – Labour & Employment – …

Jun 17 2022

Uncategorized

Hong Kong pension industry hails scrapping of MPF offsetting mechanism

by News Desk

No Comments

Hong Kong will abolish the so-called offsetting mechanism in the Mandatory Provident Fund, a move long sought by the pension industry, which says it will bolster retirement protection for the...