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  • September 17, 2014
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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. Township reaps a bitter harvest on investment of farmers' pensions

    Posted Jun 19th 2007, 12:00am by Staff Reporter

    ... paid them 30 per cent interest when the bank deposit interest rate was only 1.2 per cent,' Mr Yu said. 'I speculated on stocks and gave them the interest on time. Sijiqing took ... than the bank. We saw the loans as an investment.' Only recognised financial institutions are allowed to extend loans on the mainland. But, according to Beijing Times, Dadi chairman, Yu ...

  5. 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 ...

  6. 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 ...

  7. Turning the tables

    Posted Jun 20th 2009, 12:00am by Staff Reporter

    ... is on the other foot. 'It was getting to the stage where candidates were increasingly difficult and their demands were out of control,' said Mark Enticott, associate director for banking ... money issues and people's careers are now more about survival.' He said that the era of mid- to senior-level banking executives receiving big sign-on bonuses, salary increments of 25 ...

  8. 100 HSBC staff fired as part of bigger cull

    Posted Feb 10th 2012, 12:00am

    ... the information technology and private banking units and included staff at the managerial and frontline levels. Unionists accused the bank of a lack of social responsibility and urged HSBC staff not to work more than one hour of overtime a day to express their discontent. The Hong Kong Banking Employees' Association, one of the major unions for local bank staff, said members working ...

  9. Global stocks rally boosts pension funds

    Posted Jul 09th 2003, 12:00am by Enoch Yiu

    ... fund choices as more than 50 per cent of employees were opting for the most conservative investment options, such as guaranteed funds or cash funds, which only invested in bank deposits ...

  10. Ministry accused of misusing state funds

    Posted Jul 03rd 2003, 12:00am by Staff Reporter

    ... 1998 to late 2002, the Finance Ministry deposited social security money in bank accounts, generating several million yuan in interest income. Mr Li's office has sent a written inquiry ...




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