pensions.hk

Sep 03 2020

Uncategorized

Police arrest 15 people over filing bogus applications to Hong Kong’s Covid-19 relief fund for companies

by News Desk

No Comments

Suspects accused of forging utility bills, business addresses and MPF documents to scam subsidies worth total of HK$3.8 million. In one instance, woman allegedly used relatives’ names to file nine...

Sep 01 2020

Uncategorized

Departing HK residents withdraw $167mln in pension funds in Q1, up 32% y/y

by News Desk

No Comments

Hong Kong residents leaving the city for good withdrew an aggregate HK$1.295 billion ($167.1 million) from their Mandatory Provident Fund (MPF) pension accounts in the first quarter of 2020, up...

Aug 27 2020

Uncategorized

Ant Group’s mega IPO will reward staff and early investors, including the businesses of two of Hong Kong’s wealthiest families

by News Desk

No Comments

Ant Group’s upcoming dual listing, likely to be the largest in global financial history, will reward the staff and early investors of the world’s biggest fintech company, including companies …

Aug 27 2020

Uncategorized

Vanguard to close Hong Kong and Japan fund businesses

by News Desk

No Comments

Vanguard Group, the world’s second largest money manager, will withdraw from Hong Kong and Japan and move its Asian headquarters to Shanghai. Vanguard’s Hong Kong operations include the offering of...

Aug 26 2020

Uncategorized

Ontario Teachers’ Pension Plan records small loss in first half of 2020

by News Desk

No Comments

Plan’s leaders say they’ve cashed out much of their bond portfolio and are planning on redeploying assets as part of their long-term plans under new CEO …

Aug 20 2020

Uncategorized

Hong Kong leader Carrie Lam tells major supermarkets ParknShop and Wellcome: if you want Covid-19 cash you must cut your prices

by News Desk

No Comments

Under phase one, elderly workers had been required to provide proof of earnings or employer contributions to their pension to be eligible for a HK$9,000 monthly payout. Hong Kong unveils...

Aug 20 2020

Uncategorized

Aging Asia investors turn to income funds to preserve nest eggs

by News Desk

No Comments

Workers preparing for retirement in Hong Kong and Singapore have turned to income funds that offer regular payments instead of taking their pension savings in a lump sum. That’s becoming...

Aug 20 2020

Uncategorized

Hong Kong’s Benchmark Index Poised to Include Tech Giant Alibaba

by News Desk

No Comments

Alibaba Group Holding Ltd. will be included in Hong Kong’s Hang Seng in one of the biggest revamps in the benchmark index’s 50-year history.

Aug 12 2020

Uncategorized

Hong Kong Investor, NPS Seek Buyer for Shanghai Mall

by News Desk

No Comments

Hong Kong real estate investor Phoenix Property Investors HK Ltd. and South Korea’s National Pension Service are considering selling a shopping mall they jointly own in Shanghai, according to people...

Aug 06 2020

Uncategorized

Hong Kong Close to Picking Winner to Digitize Pension System

by News Desk

No Comments

Hong Kong has shortlisted finalists to digitize its retirement funds system, according to people familiar with the matter, paving the way to lower fees for more than 4 million savers.