Category: Uncategorized

Dec 19 2020

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Why a HK$1 trillion MPF pot gives Hongkongers little reason to rejoice

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Launched 20 years ago, the city’s pension system was inadequate to begin with, and the lack of government action to fix its shortfalls has made sure it still is. It’s...

Dec 14 2020

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Hong Kong’s MPF prepares for a digital future, reforms to bring in more investment options, says chairman

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The MPFA’s electronic platform, due to be completed in 2022, will cut down costs, increase transparency and foster competition.

Dec 12 2020

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Breakingviews – Hong Kong SPAC deal reeks of desperation

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Its shares have been suspended since December 2017 and it is resisting an effort by the Hong Kong bourse to delist them. The company hasn’t filed audited financial statements since...

Dec 11 2020

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Departing HK residents withdraw $298.8 mln in pension funds in H1, up 13.6% y/y

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Hong Kong residents leaving the city for good withdrew an aggregate HK$2.285 billion ($294.79 million) from their Mandatory Provident Fund (MPF) pension accounts in the first half of 2020, up...

Dec 11 2020

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Hong Kong SPAC deal reeks of desperation

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Breakingviews is not responsible for the content of external internet sites. Convoy Global, a Hong Kong-based pension and insurance services adviser, said on Nov. 25 that it had agreed to...

Dec 10 2020

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Breakingviews – Australian pension giant braves steep M&A curve

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AustralianSuper is diving right into the deep end of the merger pool. For its first solo acquisition attempt, the country’s biggest pension fund has attempted an unsolicited $3.8 billion takeover...

Dec 05 2020

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More tech companies likely to list in Hong Kong in next decade, Alibaba’s Joe Tsai says

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Tech leaders in Southeast Asia among companies likely to choose Hong Kong for listings, Alibaba’s Joe Tsai said at a HKEX forum.

Dec 03 2020

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No cause to celebrate as failed MPF scheme marks 20 pitiful years

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Celebrations marking the 20th anniversary of the Mandatory Provident Fund, Hong Kong’s pension scheme, are muted. It is not that much closer to financing a decent retirement for all than...

Dec 02 2020

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Hong Kong’s MPF needs an overhaul to keep up with living costs even as it tops HK$1 trillion in value

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Hong Kong’s Mandatory Provident Fund (MPF) has a long way to go in meeting the retirement plans of its 4.5 million members, even after it surpassed HK$1 trillion (US$129 billion)...

Dec 01 2020

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Hong Kong court acquits Roy Cho and associates in Convoy’s fraud case, dealing blow to regulator’s crackdown on white collar crime

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Three executives were acquitted of charges of defrauding Convoy Global Holdings in Hong Kong, dealing a blow to financial regulators’ crackdown on white-collar crime in the world’s fourth-largest …