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  • April 20, 2014
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  1. How to save

    Posted Nov 26th 2007, 12:00am by Staff Reporter

    ... 1 Enquire about savings accounts: go and visit a few banks, asking about the minimum deposit on a savings account and how the interest is calculated and the minimum age to open one. 2 Write a list ... Economising is like saving money. 2. Emergency saving is the best way to pay for the bills we have forgotten about. 3. A savings account is an account where you can deposit your money and get ...

  2. Staff owed HK$800,000 as restaurant closes

    Posted Mar 02nd 2008, 12:00am by Staff Reporter

    ... - and they bounced when deposited in banks yesterday morning. Li Kwok-wah, secretary of the Eating Establishment Employees' General Union who was helping the affected staff, doubted it was a scam. ...

  3. Mainland banks may soon manage pension funds

    Posted Jun 28th 2007, 12:00am by Tom Miller

    ... needed? Administering a custodial role is a different skill from taking deposits and lending,' Mr Esson said. Only the Industrial and Commercial Bank of China, the Bank of Communications, ... Tom Miller in Beijing Beijing is drawing up plans to allow mainland commercial banks to branch out into pension fund management, opening another channel for lenders to diversify, according ...

  4. Clerk admits to thefts

    Posted Apr 26th 2007, 12:00am by Staff Reporter

    ... and September 2005, Man secretly filled in the amounts of seven signed blank company cheques, and then deposited the money into her personal account. On one occasion, she also altered the amount on a cheque to 10 times the original amount, and transferred it into her own account. The crime was revealed when a bank employee checked transactions with the company. Man admitted she stole a total ...

  5. Investment curbs lifted on enterprise annuities

    Posted Feb 08th 2007, 12:00am by Staff Reporter

    ... Security has required pension funds to invest at least 20 per cent of their assets in time deposits, central bank notes and money market funds, up to 50 per cent in treasury bonds, term deposits ... the first, at least 20 per cent segment into bank deposits because of the restriction, a fund management company source said. At present, more than 90 per cent of the companies creating enterprise ...

  6. News - Hong Kong - PENSIONS

    Authority wants workers to merge MPF accounts onto one

    Posted Aug 16th 2012, 12:00am by Dennis Chong

    ... the portability scheme in November, which will allow account holders to transfer part of their MPF contributions and returns to 19 selected private service providers, including banks, insurers or other ... a study would be conducted after the scheme's implementation to improve the rules. For example, a possible option is to allow employees to deposit all their salaries into a designated ...

  7. Banks lose shine among local business students

    Posted Jun 28th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Once the symbol of security, bank jobs seem to be losing their appeal for university students. A survey that ranks the popularity of Hong Kong's major employers found that various banks, with the exception of HSBC, slipped up to 10 places this year. Stockholm-based consultancy Universum, which conducted the survey, blamed the grim economy ...

  8. More MPF providers weigh cuts in fees

    Posted Sep 08th 2007, 12:00am by Enoch Yiu

    ... the least risk - and the lowest returns - of all MPF products and require the least management. Investors' funds are placed in bank term deposits. The fee reductions by AIA-JF and Bank ... Enoch Yiu HSBC, StanChart to lower pension costs HSBC, Hang Seng Bank and Standard Chartered Bank say they will consider falling into line with rival Mandatory Provident Fund providers ...

  9. HSBC staff plan to take sick leave in job protest

    Posted Jan 20th 2012, 12:00am

    ... Ng Kang-chung and Lulu Chen HSBC employees are planning a 'sick-leave protest' next week after a rumour made the rounds that the bank will sack up to 1,000 people after the Lunar New Year holiday. An online campaign is calling for HSBC staff to phone in sick next Thursday, when the bank reopens for business after a three-day break. The brewing labour dispute comes ...

  10. HKIB talk offers key to banking

    Posted Nov 12th 2011, 12:00am

    ... Chris Davis A free seminar has been organised to provide insights into the qualifications needed and the expectations of employers seeking to hire fresh banking recruits. Co-organised by the Hong Kong Institute of Bankers (HKIB) and Classified Post, the November 18 workshop, entitled 'Getting into banking has never been easier', will be presented in Cantonese and aimed ...




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