Category: Uncategorized

May 11 2022

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Public Pensions’ New Quandary: Coping With Geopolitical Turmoil

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If autocracy is moving the world toward deglobalization, geopolitical investment principles should complement environmental, social and governance factors. There’s a lot for pension boards and …

May 09 2022

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Exchange Fund faces ‘triple-whammy’, if equities, bonds and forex valuation all drop, HKMA’s Eddie Yue warns

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“In that case, the Exchange Fund would face a ‘triple-whammy’ situation with equities, bonds and foreign exchange valuation all falling at the same time.” The HK$1.2 trillion Mandatory Provident Fund...

May 08 2022

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Breaking up HSBC: Ping An’s call to debate the future of Hong Kong’s largest bank raises vexing question if its value is greater than the sum of its parts

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Ping An, HSBC’s biggest shareholder, making push for change at the lender in latest example of investor strife Asia is the bank’s biggest profit centre, but insiders say much of...

May 07 2022

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Abolish MPF raids by Hong Kong bosses immediately

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Despite years of talk to end the practice, employers continue to dip into the pension savings of workers who need them most Previous Hong Kong chief executive Leung Chun-ying lamented...

May 06 2022

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Subsidies underway to be disbursed for Hong Kong’s unemployment relief scheme

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The Hong Kong government has finished vetting the third batch of … Among this, about 31,000 applicants are those holding accounts under the Mandatory Provident Fund (MPF) schemes and over...

May 04 2022

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Carrie Lam urges Hong Kong lawmakers to pass overdue labour bill to scrap MPF offsetting mechanism, citing ‘unexpected’ Legco hindrance

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Hong Kong’s outgoing leader Carrie Lam Cheng Yuet-ngor has … Lam told a weekly press briefing on Tuesday that the bill to scrap the so-called offsetting mechanism in the Mandatory...

May 02 2022

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Hong Kong leader Carrie Lam vows to continue improving labour rights in final months of tenure after ‘hard-earned results’

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Hong Kong’s outgoing leader Carrie Lam Cheng Yuet-ngor has … Among the work was ensuring a bill to abolish the so-called offsetting mechanism under the Mandatory Provident Fund was passed...

Apr 29 2022

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Pension benefits for Hong Kong teachers to remain intact, Education Bureau says, amid speculation over possible ban on early withdrawal

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Bureau asks teachers not to be ‘misled by the rumours’ that government would amend rules of existing provident fund schemes to stop exodus of educators Legal officer is being recruited...

Apr 28 2022

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Chinese Shares Rise on Promise of Infrastructure Spending and Pension Support

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Asian shares fell across the region except in mainland China, where official pronouncements drove heavy-industry stocks higher.

Apr 23 2022

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Hong Kong insurance industry mourns death of senior figure

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Members of Hong Kong’s government and financial sectors have expressed their condolences and tributes following the death of industry stalwart Robin Chan Yau-hing at age 90. Thai-Chinese Chan was life...