Category: Uncategorized

Sep 15 2021

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Pension withdrawals by departing Hong Kong residents hit US$270 million in second quarter

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Residents leaving Hong Kong withdrew HKUS$2.095 billion (US$270 million) from Mandatory Provident Fund (MPF) pension accounts in the second quarter, up 111.6per cent from the same period in 2020.A …

Sep 09 2021

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Hong Kong MPF assets up 26% as returns offset pullout by departing residents

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Hong Kong’s Mandatory Provident Fund assets grew 26% year-on-year to HK$1.22 trillion (US$156.4 billion) in mid-2021 as returns from investments offset withdrawals by residents leaving the city …

Sep 08 2021

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Pension withdrawals by departing Hong Kong residents hit $270 mln in second quarter

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Residents leaving Hong Kong withdrew HK$2.095 billion ($270 million) from Mandatory Provident Fund (MPF) pension accounts in the second quarter, up 111.6% from the same period in 2020.

Sep 07 2021

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Mass Mandatory Provident Fund Scheme-Guaranteed Fund (MASSMPFGUARA.HK)

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Stock futures decline after retail sales drop more than expected, falling 1.1% in July vs. the 0.3% dip expected …

Sep 05 2021

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‘I fled Hong Kong for Britain and now China won’t let me have my pension’

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Hong Kongers arriving in Britain seeking a new life are being blocked from accessing their retirement savings early because of political interference from China. British National (Overseas) passport …

Sep 02 2021

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Some 100,000 Macau, Hong Kong and Taiwan residents living in Zhuhai

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Zhuhai authorities have indicated that according to recent statistics, there are currently about 100,000 Hong Kong, Macau and Taiwan re …

Sep 02 2021

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Canada should take action against companies involved in Hong Kong pension troubles

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Canadian companies have refused legitimate requests from Hong Kongers who want to withdraw money from their pension funds and move abroad.

Sep 01 2021

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Cambridge Associates to Expand Asia Presence via Hong Kong

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Global investment firm Cambridge Associates (wealth manager for the Rothschild family) has announced plans to establish its presence in Hong Kong with the recent hiring of a Hong Kong-based Senior...

Aug 31 2021

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Will Britain’s Nepali Gurkha Veterans Get Justice?

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With the British government agreeing to discuss their demands, the military veterans ended their 13-day hunger strike recently.

Aug 27 2021

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With the Hang Seng taking its cue from Shanghai instead of New York, investors must watch Chinese policies closely

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The recently retired chief executive of the Hong Kong stock exchange, Charles Li Xiaojia, must feel that his timing was perfect. No one could have foreseen that the Four Horsemen...