Category: Uncategorized

Nov 30 2023

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Pension Withdrawals by Residents Leaving Hong Kong in Q3 up 1.7% on Year

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HONG KONG (Reuters) – Residents leaving Hong Kong for good withdrew a total of HK$2.213 billion ($283.72 million) from their Mandatory Provident Fund (MPF) pension accounts in the third quarter...

Nov 28 2023

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Hong Kong’s MPF supervisor urges members to make voluntary contributions

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Ayesha Macpherson Lau, chairman of the Mandatory Provident Fund Schemes Authority (MPFA), reminded fund members that voluntary contributions of up to HK$60,000 (US$7,690) a year are tax-deductible.

Nov 27 2023

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Fidelity plans multiple fund launches in China to tap growing wealth management, pension demand

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Fidelity completed two mutual fund launches in mainland China this year, raising a combined US$862 million The London-headquartered investment manager plans to use Hong Kong to tap the Greater Bay...

Nov 27 2023

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MPF chief urges workers to start adding to their pots

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The head of the Mandatory Provident Fund Schemes Authority (MPFA) on Sunday urged Hong Kong workers to make voluntary contributions to their pension …

Nov 24 2023

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Twenty arrested in HK over false document pension withdrawals amid row over British passport

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Hong Kong pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain after 2020 when China imposed a national security law...

Nov 21 2023

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‘Be cautious with high-risk retirement investments’

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While many Hongkongers could be turning to high-return and high-risk investment products to meet their retirement needs, the Hong Kong Investment …

Nov 18 2023

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US Federal Pension Fund to Exclude Hong Kong Investments

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The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two...

Nov 18 2023

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US Pension Fund’s Exit May Shake Hong Kong Markets

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Hong Kong’s status as an international financial hub faces a new challenge as the United States’ federal pension fund has decided to exclude Hong Ko …

Nov 17 2023

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After US report calls Hong Kong a ‘Chinese rather than international city,’ gov’t slams ‘slanders and smears’

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Hong Kong’s government has “firmly rejected” a report by a US Congressional commission, which said the city now lives under the mainland’s control after Beijing interfered with the judicial system...

Nov 17 2023

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Hong Kong slams ‘untruthful remarks and smears’ in US commission report saying it has transformed into a mainland Chinese city

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The Hong Kong government has issued a strongly worded statement rejecting the “untruthful remarks and smears” in a US commission report which says the city has transformed into a mainland...