Category: Uncategorized

Jan 15 2021

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Hong Kong emigration to Britain could mean $36 billion capital outflow

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Hong Kong residents leaving the city to move to Britain could trigger capital outflows of HK$280 billion ($36 billion) this year from the Asian financial centre, a new report published...

Jan 13 2021

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HKMA has power to change Tracker Fund manager to get round US sanctions, Hong Kong leaders say

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Calls for a new manager of the Hong Kong index fund came after incumbent State Street Global said it must fall in line with US sanctions on certain Chinese firms,...

Jan 12 2021

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Hong Kong retail investors, pensioners to feel the pinch as Tracker Fund falls in line with US sanctions and out of sync with Hang Seng Index

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US sanctions against certain mainland Chinese companies might hurt millions of retail investors and pensioners in Hong Kong after Tracker Fund, the city’s biggest and most popular exchange-traded …

Jan 10 2021

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Hong Kong budget 2021-22: finance chief Paul Chan reserved on cash handouts, cites Covid-19 pandemic challenges

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Financial secretary says he expects first half of new year to remain challenging, with 2020 figures on track for a full annual economic contraction.

Jan 08 2021

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Hong Kong’s MPF posts 12.31% return in “costly” lesson for speculative members

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Hong Kong’s Mandatory Provident Fund’s average investment return in 2020 was 12.31%, and would have been higher if not for speculative members who tried to time markets, for whom it’s...

Jan 07 2021

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Hong Kong fourth wave: residents feeling pinch of coronavirus pandemic not allowed to dip into MPF pension scheme early

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Treasury chief Christopher Hui has ruled out early withdrawals, but says changes are in works to make it easier to apply for social security assistance.

Jan 05 2021

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Convoy’s board swells to 16 directors as boardroom manoeuvres continue in shareholders’ jostle for control

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The enlarged board would strengthen the hand of the Tsai family, which owns 29.98 per cent stake in Convoy, against an attempt by Kwok Hui-kwan – with 29.91 per cent...

Jan 04 2021

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Digital platform forecast to save Hong Kong’s MPF account holders up to HK$40 billion in first 10 years

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A major overhaul of Hong Kong’s compulsory pension system – the Mandatory Provident Fund (MPF) – could bring about savings of between HK$30 billion and HK$40 billion for millions of...

Dec 29 2020

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As Asia embraces a zero-carbon future, Hong Kong must make a niche as a green finance hub

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Trillions will be needed for China, Japan and South Korea, not to mention other Asian economies, to achieve carbon neutrality, Hong Kong’s financial sector has a critical role in helping...

Dec 20 2020

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Sadiq Khan is blasted over Transport for London’s £25million pension fund with Chinese firm linked to Beijing’s oppression of minorities

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The pension fund operated by Transport for London has placed … Mr Bailey, who recently called for London and Beijing to be ‘detwinned’ over its treatment of the Uighurs and...