pensions.hk

Oct 08 2021

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Hong Kong to scrap MPF offsetting scheme, plans new measures

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Hong Kong’s government unveiled measures to improve the Mandatory Provident Fund, including eliminating a scheme that lets employers offset severance payments from their contributions to the city’s …

Oct 07 2021

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Carrie Lam policy address: cash subsidy boost for elderly, HK$32.9 billion to close pension system loophole among social safety net measures

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Those under the Old Age Living Allowance scheme set to receive HK$3,815 per month from second half of 2022, with the current two payments combined into one subsidy.

Oct 07 2021

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Hong Kong Policy Address: MPF offsetting – allowing employers to dip into pensions – will be scrapped

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Hong Kong’s controversial Mandatory Provident Fund (MPF) offsetting mechanism will be scrapped, Chief Executive Carrie Lam announced on Wednesday in her policy address. The mechanism allows employers …

Oct 06 2021

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Hong Kong’s MPF lost each member US$1,387, as China regulatory storm, Evergrande debt saga pounded markets in third quarter

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A rout in Hong Kong and mainland China stocks has hurt the performance of the city’s Mandatory Provident Fund, whose members lost about HK$10,800 (US$1,387) on average in the third...

Sep 30 2021

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Mandatory annuity proposal met with reservation

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Unionist Bill Tang has expressed reservation over a suggestion by labour secretary Law Chi-kwong for people to transfer mandatory provident fund …

Sep 30 2021

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HSBC Mandatory Provident Fund – SuperTrust Plus – ValueChoice US Equity Fund (0P0001HQ19.HK)

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*Close price adjusted for splits.**Adjusted close price adjusted for splits and dividend and/or capital gain distributions. Loading more data …

Sep 30 2021

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World’s biggest pension fund won’t buy China sovereign debt: Report

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The decision comes as FTSE Russell is set to start adding Chinese debt to its benchmark global bond index, which the GPIF follows, from October …

Sep 30 2021

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World’s Top Pension Fund Won’t Buy Chinese Sovereign Debt

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Japan’s Government Pension Investment Fund, the world’s largest pension fund, said it won’t include yuan-denominated Chinese sovereign debt in its portfolio. The decision comes as FTSE Russell is set …

Sep 25 2021

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Raising of retirement age at Hong Kong hospitals just what the doctor ordered

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Sometimes it takes necessity to force a change that has long been justifiable on its merits. Take the retirement age of 60. Hong Kong is out of step with other...

Sep 24 2021

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British pension funds plough more cash into China

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British pension funds are ramping up their investment in Chinese companies despite growing tensions between the West and the Communist state. According to a new report by Hong Kong Watch,...