pensions.hk

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...

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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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 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 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.