Category: Uncategorized

Feb 21 2022

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Fidelity launches post-retirement fund for Hong Kong’s MPF

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Fidelity International has launched a mixed asset post-retirement fund for Hong Kong’s Mandatory Provident Fund (MPF), focusing on less volatile assets. The RetireEasy Fund will invest as much as 90%...

Feb 18 2022

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China, Korea and Hong Kong pension assets grow fastest in the world

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China, South Korea and Hong Kong were the fastest growing pension markets in the world over the last ten years, according to insurance brokerage and advisory firm Willis Towers Watson....

Feb 18 2022

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Coronavirus Hong Kong: 10,000 hotel rooms ‘secured’ for isolation of Covid-19 patients and close contacts, ‘1,000’ retired officers from disciplined services to manage …

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New World Development has offered 700 rooms at its Pentahotel Hong Kong in Kowloon, while Sun Hung Kai Properties will provide 1,000 rooms from two hotels Preferred sites are those...

Feb 16 2022

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Manulife Hong Kong reports strong fourth quarter and full-year 2021 results

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HONG KONG, Feb. 15, 2022 /PRNewswire/ — The Manulife group … accounted for more than 60% of total APE sales in 2021 – Agency-driven Mandatory Provident Fund (“MPF”) sales in...

Feb 16 2022

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Texas ERS commits $50m to PAG’s latest pan-Asia real estate fund

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In November 2019, the pension fund committed $100 million to PREP II. Texas ERS also committed $75 million to the Hong Kong-based private equity firm’s pan-Asia pooled fund – Secured...

Feb 15 2022

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Public Sector Pension Investment Board CEO Neil Cunningham to retire next year

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Public Sector Pension Investment Board says CEO Neil Cunningham will … Mr. Cunningham oversaw a new Hong Kong office, and told The Globe and Mail in 2021 that continued expansion...

Feb 12 2022

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Offsetting abolition bill gazetted

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The bill is to abolish the use of the accrued benefits of employers’ mandatory contributions … Rules and Subsidized Schools Provident Fund Rules and overseas occupational retirement schemes of …

Feb 10 2022

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Coronavirus: Hong Kong’s brokers and banks shut branches as financial hub hunkers down for city’s worst coronavirus flare-up yet

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Bright Smart Securities and Everbright Securities have stopped allowing customers to conduct in-person trading at their premises Bank of China (Hong Kong) has shut 50 branches … the Insurance …

Jan 30 2022

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Year of the Tiger: MPF members can expect a rebound in Chinese and Hong Kong stocks to boost pension pot, analysts say

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The 4.5 million members of Mandatory Provident Fund, the city’s compulsory pension scheme, are likely to see their retirement savings swell as the Year of the Tiger bodes well for...

Jan 18 2022

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Hong Kong’s MPF net inflows seen at three-year low in 2021

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Hong Kong’s Mandatory Provident Fund net inflows declined in 2021 to the lowest level in three years as the coronavirus crisis continued to weigh on the city’s economy, according to...