pensions.hk

Sep 19 2020

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Manulife launches market’s first MPF retirement income fund, aiming to provide regular and stable income in retirement

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Brand new pre- and post-retirement solution with dividend distribution[1] to be reinvested into designated MPF funds according to age HONG KONG, Sept. 17, 2020 /PRNewswire/ — · You should consider...

Sep 07 2020

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Hong Kong’s MPF hits HK$1 trillion (US$129 billion) mark for first time, thanks to rally in investment markets, says head of pension regulator

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The compulsory retirement scheme that covers about 3 million Hongkongers is now the eighth largest in Asia, with each member holding an average of HK$333,333 in their account.

Sep 05 2020

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A tale of two Hong Kongs: Beijing cracks down while the financial hub thrives

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Ant Group’s IPO will take place against a backdrop of the dismantling of the territory’s pro-democracy movement …

Sep 04 2020

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Hong Kong’s Mandatory Provident Fund tracks stock market growth to post returns of 2.9 per cent in August

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MPF continues its stellar run for the second month in a row, scoring HK$13,226 each on average so far this year for the 3 million people covered by the scheme.

Sep 04 2020

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BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme – Balanced

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BOC-Prudential Easy-Choice MPF Scheme – Balanced Fund is an open-end unit trust established in Hong Kong.The Fund’s objective is long-term capital growth. The Fund invests in a balanced mix of...

Sep 04 2020

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Hong Kong: Beijing cracks down while the financial centre thrives

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Ant Group’s IPO will take place against a backdrop of the dismantling of the territory’s pro-democracy movement …

Sep 03 2020

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

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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

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

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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

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

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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

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Vanguard to close Hong Kong and Japan fund businesses

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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...