Category: Uncategorized

Apr 23 2022

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FirstFT: Goldman flagged Morgan Stanley block trades to Hong Kong regulator

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Plus, Ukraine rejects Putin’s claim of Mariupol’s ‘liberation’ and Musk unveils financing package to fund Twitter bid …

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...

Apr 19 2022

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Tracker Fund names Hang Seng to run Hong Kong’s biggest exchange-traded fund, ending State Street’s mandate

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The fund, with HK$111 billion of assets under management as of March 25, is popular with the 4.5 million investors of Hong Kong’s Mandatory Provident Fund (MPF), with 17 per...

Apr 15 2022

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All you need to know about the updates to Hong Kong’s 2022 Employment Support Scheme (ESS)

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In order to provide timely financial support for the businesses affected by the fifth wave of the epidemic, the Hong Kong government has announced the launch of a new round...

Apr 07 2022

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Hong Kong’s compulsory pension scheme faces ‘extreme volatility’ after members lose HK$16,600 on average in first quarter

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Hong Kong’s compulsory pensions scheme lost a total of HK$76.2 billion (US$9.8 billion), or 6.2 per cent, during the first quarter of 2022 because of a global market rout –...

Mar 31 2022

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Hong Kong’s Tracker Fund, in major shift, goes from State Street to Hang Seng Investment

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Hong Kong’s Hang Seng Investment Management is taking over management of Tracker Fund, the city’s largest exchange-traded fund and Asia’s first physical ETF, from US asset manager State Street Global...

Mar 30 2022

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Hong Kong replaces State Street as manager of largest ETF

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A supervisory body of Hong Kong’s central bank has decided to replace a unit of State Street Corp as manager of the territory’s largest exchange-traded fund of more than $14...

Mar 29 2022

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Hong Kong’s MPF default investment assets near HK$90 billion in five years

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Hong Kong’s Mandatory Provident Fund’s default investment strategy or DIS had HK$86.7 billion (US$11.11 billion) of assets as of December 2021, a “considerable” growth in less than five years, …

Mar 28 2022

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Tracker Fund may replace State Street as manager to forestall risks to Hong Kong’s pensioners amid rising US-China tension

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A seven-member supervisory committee chaired by George Hongchoy Kwok-lung may soon name the winner of a tender to review the Track Fund’s management Hang Seng Investment Management is at the...

Mar 23 2022

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Hong Kong – Employment And Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 Gazetted.

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Hong Kong – Employment And Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 Gazetted. Legal News and Analysis – Hong Kong – Labour & Employment – Government and Public Sec...