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  • September 15, 2014
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  1. BBVA in talks on pension venture

    Posted Mar 16th 2012, 12:00am

    ... security. They can participate through joint ventures with local partners, or play an advisory role to help the partners manage related assets. Torano said the car-financing joint venture with Citic ... George Chen and Lulu Chen Spanish financial services group BBVA is mulling a pension fund joint venture with China Citic Bank, as it bids to strengthen relationships with its mainland ...

  2. Fraudsters cost social security fund 1.7b yuan

    Posted Aug 03rd 2012, 12:00am

    ... Zhuang Pinghui pinghui.zhuang@scmp.com A national audit has uncovered social security fund fraud involving 1.7 billion yuan (HK$2.09 billion) and more than 300 people. In a report released yesterday, the National Audit Office detailed how various governments misused the social security funds. Spending 595 million yuan on operating fees, 114 million yuan to balance official books ...

  3. Social security tax on expats may boost local hires

    Posted Apr 26th 2012, 12:00am

    ... Enoch Yiu Foreign companies operating on the mainland are set to hire more locals and reduce the number of expatriates employees after mainland cities start collecting social security ... (HK$5,246) for employers and US$201 (HK$1,560) for staff. 'The new social security insurances have added costs for companies and led many companies into reviewing their staff policies. ...

  4. Security fears halt ex-porn star's visit

    Posted Feb 29th 2012, 12:00am

    ... He Hui-feng huifeng.he@scmp.com Security concerns have forced a Chinese sexologist to drop his plan to bring a former Japanese porn star, who is also an anti-Aids activist, to speak to his ... from the university and other universities in the city said they would stand in line in the early hours tomorrow to secure a seat in the lecture hall for the 8am appearance. 'I bet ...

  5. Progress seen in expat social security scheme

    Posted Jan 21st 2012, 12:00am

    ... Verna Yu The Ministry of Human Resources and Social Security said yesterday a new law that requires expatriate workers on the mainland to make social security payments was proceeding ... social security schemes from October 2011 sparked widespread concern among foreigners. Foreign workers and their employers have to make monthly contributions to a basket of social security funds- ...

  6. Investors call for privacy protection

    Posted Oct 20th 2008, 12:00am by Joyce Man

    ... Fung said, adding that the Monetary Authority and the Securities and Futures Commission should force banks to request client consent. He called for a firewall between personal banking ... I bought,' he said. Separately, about 100 investors in minibonds and other Lehman-related products met representatives of Shanghai Commercial Bank yesterday about possible refunds. Others met Citic ...

  7. Legislators reject security probe and support police

    Posted Oct 08th 2011, 12:00am

    ... Ng Kang-chung kc.ng@scmp.com Efforts by pan-democrat lawmakers to set up an independent Legislative Council committee to investigate the police security operation for the visit of Vice-Premier Li Keqiang in August have been rejected. Instead, at a special meeting of the Legco security panel yesterday, members endorsed a motion that supported the police. It also condemned ...

  8. Lai See

    Posted Dec 12th 2009, 12:00am by Ben Kwok

    ... that January. Citic Pacific has had a similar rebound. Its shares fell 80 per cent in 2008. The conglomerate under chairman Chang Zhenming has shot up 157 per cent this year to yesterday's close ...

  9. News - China - TRAVEL DOCUMENTS

    Ministry eases passport restrictions for non-locals in six mainland cities

    Posted Aug 24th 2012, 12:00am by He Huifeng

    ... ARE EASED FOR NON-LOCALS The Ministry of Public Security is to ease restrictions on passport and travel permit applications by non-local people working or studying in six mainland cities. From ... the city's social security bureau to confirm they have paid social security or income tax in the city for at least a year, and students will need a statement from their university confirming ...

  10. Good time to take stock of retirement security

    Posted Nov 30th 2010, 12:00am by Staff Reporter

    ... in Hong Kong is expected to reach 28 per cent of the population in 2039. As demand for more retirement security has grown louder in recent years, the MPF system has not been seen as providing ... It is not a universal pension system. Retirement security has to be addressed against the totality of the adjusted World Bank model, and discussions need to take place in government and very widely ...




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