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  • August 23, 2014
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  1. MPF's rise biggest since May 2009

    Posted Nov 03rd 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The stock market's bounce back last month helped the Mandatory Provident Fund achieve its best performance in more than two years. The city's pension fund turned around from a losing third quarter and reported its strongest monthly earnings since May 2009. But analysts warn of tough times ahead. The 417 funds in the compulsory retirement ...

  2. Duluth mulls raising funds in HK

    Posted Jun 27th 2012, 12:00am

    ... Kong to help fund its development. Toronto-based and listed Duluth Metals hopes to attract Asian investors seeking to diversify their investment outside of the mainland and Hong Kong, to help fund its project in the US state of Minnesota. The project aims to mine base metals copper and nickel and precious metals platinum, palladium and gold. 'It is a massive development ...

  3. China pension fund sells HK$153m in bank stocks

    Posted Feb 14th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The National Social Security Fund has sold about HK$153 million worth of shares in Industrial and Commercial Bank of China and Bank of China, according to announcements on the Hong Kong stock exchange. The mainland pension fund sold 16 million BOC shares at an average of HK$3.356 each and 18 million ICBC shares at an average of HK$5.508 each. The sale cut ...

  4. Combining funds from previous jobs

    Posted Jul 11th 2011, 12:00am

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Hongkongers will have to wait until next year before they are allowed to start choosing their own Mandatory Provident Fund (MPF) providers. However, people already have the freedom to move old funds collected under former employers. Every time workers change jobs, they are prone to wind up with a new MPF provider because the provider ...

  5. Where's our HK$2m, artist asks mega fund

    Posted Jun 26th 2011, 12:00am

    ... Lana Lam lana.lam@scmp.com Attracting more than 50,000 Hongkongers to an art show in Quarry Bay is no mean feat, but it wasn't good enough for the government. Its Mega Events Fund has ... installation called Hope & Glory: A Conceptual Circus in April and May last year at Taikoo Place and applied for government support through the fund. A month before the free show opened, ...

  6. Fund bags HK$24b on back of market rise

    Posted May 24th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The Exchange Fund, which exists to support the Hong Kong dollar's peg to the US dollar, said its investment income rose 310 per cent quarter-on-quarter to HK$24.2 billion by March 31, lifted by gains in Hong Kong and global stock markets. The Exchange Fund is managed by the city's de facto central bank, the Hong Kong Monetary Authority (HKMA), ...

  7. Kazakh copper miner to tap HK market for funds

    Posted Jun 29th 2011, 12:00am

    ... to meet growing demand from China. CDB also provides financing of US$2.7 billion to Kazakhmys through a national welfare fund owned by the Kazakh government, much of which will be used for its ...

  8. Care fund chief questions future

    Posted May 08th 2011, 12:00am

    ... Tanna Chong The head of the HK$10 billion Community Care Fund has questioned the future of the government-business collaboration if it fails to secure lawmakers' support. His comments came after the Legislative Council's finance committee on Friday deferred voting to approve the government's HK$5 billion share for the fund, and ministers admitted that business had ...

  9. MPF choice put back to July 2012

    Posted Mar 29th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Employees will finally be allowed to choose their own pension providers from July next year under new regulatory details governing Mandatory Provident Fund salespeople announced ... of retirement benefits over 40 years, assuming a 5 per cent annual return. Following that, some providers cut fees on select investment funds but there were no large-scale fee cuts across the industry. ...

  10. Key role seen for third-party MPF administrators

    Posted Jun 29th 2006, 12:00am by Chris Davis

    ... Chris Davis AS MANDATORY Provident Fund (MPF) contributions form an increasingly important part of Hong Kong's retirement planning initiatives, third-party administrators believe ... requirements set out by the Mandatory Provident Fund Authority and the Securities and Futures Commission. 'We are fully aware of the enormous responsibility we carry and continuously look for ways ...




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