Category: Uncategorized

Oct 14 2023

Uncategorized

Hong Kong graft-buster arrests 20 people for allegedly faking documents for early MPF withdrawal, stoking fears among some migrants in UK

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ICAC says insurance agent was mastermind of syndicate suspected of taking bribes to help residents claim pension by falsely saying they had moved to mainland China.

Oct 14 2023

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20 arrested in Hong Kong over false document pension withdrawals amid row over UK passport

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HK pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain. Read more at straitstimes.com.

Oct 07 2023

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Hong Kong pension fund losses, Singapore minister’s ‘cringe’ advice, Chinese scientists inspired by worms: SCMP’s 7 highlights

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From an escalating war of narratives between China and the US to Hong Kong’s unprecedented pension fund losses, here are few highlights from SCMP’s recent reporting.

Oct 05 2023

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Former Hong Kong police sergeant jailed for unlawfully borrowing money from junior officers and attempt to destroy evidence of act

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Court sentences ex-station sergeant Wong Chi-ming to nearly two years behind bars for borrowing HK$330,000 from junior colleagues Wong also asked junior colleague to delete all messages between them …

Oct 05 2023

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Hong Kong’s MPF poised for unprecedented third year of losses after last quarter wipes all 2023 gains

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Hong Kong’s Mandatory Provident Fund (MPF), the pension fund covering 4.7 million people in the city, is poised to report an unprecedented third year of losses after suffering a huge...

Oct 04 2023

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Former Hong Kong policeman jailed for unlawfully borrowing money from juniors and bid to destroy evidence of act

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Court sentences ex-station sergeant Wong Chi-ming to nearly two years behind bars for borrowing HK$330,000 from junior colleagues Wong also asked junior colleague to delete all messages between them …

Sep 29 2023

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HSBC executive to exit after deploring UK’s stance on China

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LONDON: HSBC Holdings Plc’s head of public affairs Sherard Cowper-Coles will step down after making controversial remarks about the British government’s handling of its relationship with China, …

Sep 27 2023

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Chinese stocks pose reputational risk to US, Canadian pension funds amid geopolitical tensions, says Alpine Macro strategist

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Money managers are having a hard time convincing their boards to invest in Chinese assets as they worry about being seen to be aligning with a hostile government, according to...

Sep 26 2023

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Hong Kong’s MPF suffers fifth consecutive monthly loss

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Hong Kong’s Mandatory Provident Fund incurred a HK$32.2 billion (US$4.12 billion) investment loss in the third quarter, including HK$27.8 billion in September, its fifth consecutive monthly loss, …

Sep 24 2023

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Hong Kong police ‘arrest preschool supervisor’ for allegedly forging official letter to downplay loss of subsidy status

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Source says 66-year-old supervisor of Bilok Anglo-Chinese Kindergarten’s Lung Sum Avenue branch arrested for doctoring letter revoking site’s subsidy qualification.