Category: Uncategorized

Jun 05 2022

Uncategorized

Time to raise Hong Kong’s minimum wage? Businesses cite pandemic-hit economy as reason for non-review, amid calls to raise hourly mark from HK$37.5 to HK$50

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Statistics show some 14,300 workers in city, mostly in property management, retail and catering industries, only received base hourly pay in May and June of 2021 Scholar urges raising of...

Jun 02 2022

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Hong Kong’s BCT head Ka Shi Lau passes the baton and becomes adviser

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Hong Kong pension industry veteran Ka Shi Lau has handed over the management reins of BCT Group to two executives after 22 years as chief executive officer and managing director...

Jun 02 2022

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LegCo Approves MPF Schemes Amendment Regulation; Members Allowed to Invest in CN Govt Bonds

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Regulation 2022 (Amendment Regulation) was approved by the Legislative Council today (June 1) to facilitate Mandatory Provident Fund (MPF) investment in debt securities issued or unconditionally …

Jun 02 2022

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MPF investment measure endorsed

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It further strengthens Hong Kong’s status as a global offshore renminbi business hub, and supports the city’s integration into the country’s overall development, he added. The Mandatory Provident Fund …

May 31 2022

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AIA Hong Kong invites Hins Cheung to tell MPF highlights in campaign

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AIA Hong Kong has featured singer Hins Cheung in two latest campaigns, telling the highlights of its mandatory provident fund schemes and the details of a startup competition. The company...

May 27 2022

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Hong Kong group calls for tax changes to bolster financial services industry

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Among other things, it recommends changes to tax laws to encourage pension funds to set up offices in Hong Kong for their in-house fund management arms, including better defining …

May 21 2022

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MPFA: It Should Not Make General Assumption Based on Individual MPF Investment Return Report

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The Mandatory Provident Fund Schemes Authority (MPFA) expressed that, while it understands the members’ concerns for the investment performance of the MPF, the circumstances and needs of each MPF …

May 14 2022

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Foreign managers count on China market’s inefficiency for years to come

by News Desk

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At the same time regulators were laying the groundwork for a flood of institutionally managed pension money to eventually find its … said Claire Shen, Hong Kong-based head of China...

May 14 2022

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Jobless relief to be disbursed

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Vetting of the fourth batch of applications under the Temporary Unemployment Relief Scheme is completed and subsidies are to be disbursed to about 68,000 successful applicants.

May 14 2022

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Abolish the MPF and bring universal basic income to Hong Kong

by News Desk

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The Mandatory Provident Fund should be replaced as it does not do its job as a retirement fund and has failed ordinary Hongkongers Feel strongly about these letters, or any...