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  1. 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 ...

  2. Investor immigrant hits jackpot in one year

    Posted Feb 09th 2007, 12:00am by Martin Wong

    ... Martin Wong An applicant's HK$6.5 million placed on a single stock became HK$44 million One successful applicant under the government's investor immigration scheme saw the HK$6.5 million minimum investment increase to HK$44 million in a year after putting it on a single stock, the Immigration Department said yesterday. The canny punter was one of almost 1,000 people ...

  3. Migrant entry initiative brings city HK$36.6b

    Posted Nov 12th 2009, 12:00am by Staff Reporter

    ... market, with the rest distributed among financial products, including HK$17.6 billion in stocks. Immigration consultant Eddie Kwan King-hung said the proportion of migrant investor clients who ... available to such residents. Moving money Types of investment in Capital Investment Entrant scheme (in HK dollars) Stocks $17.65b Property $10.38b Debt securities $5.21b Collective investment ...

  4. Retired policeman realises there's no such thing as a cast-iron bet on stocks

    Posted Oct 12th 2008, 12:00am by Staff Reporter

    ... into investments. First, he bought bonds, and then moved to stocks. 'The bank asked me to buy bonds. Then a few years later, I started to buy shares,' he said. Mr Lam put HK$1 million ... HK$100,000 after I woke up this morning'.' Although his mood these days is not as bright as when the stock market was booming, Mr Lam comforts himself by spending more time on volunteer ...

  5. Fluctuating stocks stoke fears of rise in suicides

    Posted Dec 02nd 2007, 12:00am by Staff Reporter

    ... for gambling addicts have doubled. On November 21, a jobless man who said he had lost HK$300,000 on the stock market jumped from a railway footbridge in Mong Kok in a suicide bid. Six days later, ... Chester Yung Investment losses likely pushing up stress levels Dramatic fluctuations in the stock market could have dire social consequences, including more suicides, an academic ...

  6. Put job creation as condition in migrant scheme

    Posted Jul 06th 2010, 12:00am by Enoch Yiu

    ... for themselves and their family if they invest HK$6.5 million in stocks, funds or properties. If they keep the investment for seven years they get permanent residency. Later this year, it will expand to include investment-linked insurance policies. The scheme had attracted about 7,140 wealthy households to migrate to the city and invest about HK$50.48 billion in assets. About 85 per cent ...

  7. Rich migrants have best of both worlds

    Posted Jun 14th 2010, 12:00am by Enoch Yiu

    ... and invest about HK$50.48 billion in stocks, funds and property. The initiative was introduced as part of an economic revival package after the devastating effect on the economy of the health scare caused by the outbreak of Sars in 2003. Applicants who invested HK$6.5 million in either property, stocks or certain fund products are entitled to stay in the city with their families ...

  8. Low-income workers score HK$6,000 MPF account bonus

    Posted Feb 28th 2008, 12:00am by Enoch Yiu

    ... of money when the employees retire. This is better than paying them cash to spend,' he said. Assuming a worker is now 30 years old and the HK$6,000 payment is invested in stock funds ... Enoch Yiu The government will inject HK$8.5 billion directly into the pension accounts of 1.3 million low-income earners in a move to demonstrate its commitment to relieve pressure ...

  9. Food banks get HK$1m to help poor

    Posted Jul 21st 2008, 12:00am by Elaine Wu

    ... Elaine Wu The Social Welfare Department will allocate more than HK$1 million in immediate relief to those too poor to feed themselves, department director Stephen Fisher said yesterday. This interim plan is intended to help food banks stock up before the government requests HK$100 million for additional short-term food assistance from lawmakers in October when the new Legislative ...

  10. Government urged to widen migrant scheme investment pool

    Posted Jan 21st 2011, 12:00am by Enoch Yiu

    ... of the approved investments under the Capital Investment Entrant Scheme. It grants an applicant and their family residency in Hong Kong if they invest HK$10 million in Hong Kong stocks, funds, ...




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